Hillcrest Energy Raises Funds in Successful Placement

Hillcrest Energy Technologies (TSE:HEAT) has released an update.

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.

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