HPQ Silicon Inc. Initiates Strategic Non-Broker Placement

HPQ Silicon Inc. Announces Non-Broker Private Placement
HPQ Silicon Inc. (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08) is excited to inform its stakeholders about the launch of a non-brokered private placement of 2,300,000 units, aiming to raise a total of $414,000. The proceeds from this offering will aid in financing ongoing projects, alongside general corporate uses.
Key Aspects of the Offering
This private placement comprises each unit being valued at $0.18, which allows the company the flexibility to increase the offering size to a maximum of 5,283,050 units, which could yield total gross proceeds of up to $950,950.
Details of the Units
Each unit includes one common share and one common share purchase warrant. Each warrant grants the holder the option to purchase a common share at an exercise price of $0.25, valid for a term of 48 months following the placement's closing date. Additionally, shares acquired through this private placement will be subject to a holding period of four months and one day from the closing date.
Regulatory Approvals and Participation
The completion of this offering is contingent upon approval from the TSX-Venture and any applicable regulatory agencies. In connection with this placement, the company may also compensate finders with cash, shares, warrants, or options.
Insider Participation and Company Leadership
There is an expectation of significant participation from insiders, which may represent over 25% of the offering. Bernard Tourillon, the President and CEO, alongside affiliated entities, plans to acquire approximately $200,160 worth of units.
CEO’s Statement
Bernard Tourillon expressed optimism regarding this funding initiative: "We decided to proceed with a small financing at this time to provide HPQ with the foundation necessary to capitalize on the larger opportunities we are currently advancing.”
About HPQ Silicon Inc.
HPQ Silicon Inc. operates in the field of advanced materials and process development with a keen focus on sustainability. The company collaborates with leading technology partners, including PyroGenesis Inc. and NOVACIUM SAS, to explore innovative solutions that align with global net-zero ambitions.
Focus Areas of HPQ Silicon
- Developing a cost-effective manufacturing process for Fumed Silica using proprietary reactor technology.
- Working on silicon-based anode materials for battery production.
- Leading research on hydrogen production through advanced methods such as the METAGENE™ system, which aims to lessen carbon footprints.
- Innovating ways to transform waste into energy resources, particularly converting aluminum dross into usable materials.
Future Outlook
HPQ remains dedicated to enhancing its capabilities and expanding its portfolio with environmentally friendly technologies. The ongoing initiatives reflect a strong commitment to advancing the interests of stakeholders while contributing positively to sustainable development.
Contact Information
For additional inquiries, please reach out to potentially connect with company representatives. Bernard J. Tourillon, the Chairman, President, and CEO can be contacted at:
- Phone: +1 (514) 846-3271
- Email: Info@hpqsilicon.com
Frequently Asked Questions
What is the purpose of the private placement by HPQ Silicon Inc.?
The funds raised will support ongoing initiatives and general corporate purposes.
How many units are being offered in the private placement?
HPQ Silicon Inc. is offering a total of 2,300,000 units in this private placement.
What is the exercise price of the warrants included in the units?
The exercise price for purchasing common shares via warrants is set at $0.25.
Who is the CEO of HPQ Silicon Inc.?
The current CEO is Bernard Tourillon, who is also the President of the company.
What is the long-term vision of HPQ Silicon Inc.?
HPQ aims to advance towards sustainable material development in alignment with global net-zero emission targets.
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