Hillcrest Energy Technologies (TSE:HEAT) has released an update.
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Hillcrest Energy Technologies has successfully completed an oversubscribed private placement, raising $882,500 through the sale of 3,530,000 units at $0.25 each. Investors received shares and warrants, with the latter permitting additional share purchases at $0.30 within a 36-month period. The company plans to allocate the funds towards marketing efforts, technology development, and general corporate purposes.
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