Hillcrest Energy Technologies (TSE:HEAT) has released an update.
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Hillcrest Energy Technologies has announced a non-brokered private placement aimed at raising up to $2 million to strengthen its balance sheet and support growth in the clean technology sector. This strategic move includes settling up to $1.5 million in outstanding debt and marks the termination of an existing equity drawdown facility. The company plans to use the funds for accounts payable, technology development, and other operational needs.
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