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.
For further insights into TSE:HEAT stock, check out TipRanks’ Stock Analysis page.
