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The latest update is out from Hillcrest Energy Technologies ( (TSE:HEAT) ).
Hillcrest Energy Technologies has successfully closed the first tranche of its non-brokered private placement of unsecured convertible debentures, raising approximately $1.94 million. This financing move, with a significant portion used to settle existing debt, allows Hillcrest to strengthen its financial position and potentially enhance its market operations, with further plans to close a second tranche soon.
More about Hillcrest Energy Technologies
Hillcrest Energy Technologies operates in the energy sector, focusing on innovative energy solutions and technologies. The company is involved in the development and commercialization of advanced energy systems and products, targeting markets that emphasize efficiency and sustainability.
YTD Price Performance: -4.17%
Average Trading Volume: 293,946
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$12.35M
For an in-depth examination of HEAT stock, go to TipRanks’ Stock Analysis page.
