Volt Carbon Plans $700K Private Financing

Volt Carbon Technologies Inc (TSE:VCT) has released an update.

Volt Carbon Technologies Inc. is set to enhance its financial flexibility with a $700,000 private placement, aiming to issue up to 10 million units at $0.07 each, inclusive of common shares and warrants. The proceeds are earmarked for technological advancements in battery and mineral separation, potential mineral claims, and general working capital needs. The planned financing, which is still subject to regulatory approvals, is expected to close in stages by early May 2024, with significant participation from company insiders.

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