Volt Carbon Technologies Announces Closing of Final Round of Private Placement Offering for Gross Proceeds of $237,500 and Appointment of New Director
Volt Carbon Technologies Announces Closing
of Final Round of Private Placement Offering
for Gross Proceeds of $237,500 and
Appointment of New Director
Calgary, Alberta--(Newsfile Corp. - June 30, 2025) - Volt Carbon Technologies Inc. (TSXV: VCT)
(OTCQB: TORVF) ("Volt Carbon" or the "Company"), with reference to its prior news releases dated
April 14, 2025, May 22, 2025 and May 30, 2025, is pleased to announce that on June 27, 2025 it closed
the final tranche of the private placement by issuing 11,875,000 units ("Units") at a price of $0.02 per
Unit for gross proceeds of $237,500 (the "Final Closing").
The Final Closing concludes the Company's offering which has raised an aggregate total of $347,500
through the issuance of 17,375,000 Units at a price of $0.02 per Unit (the "Offering"). The Company
intends to use the proceeds of the Offering to pay outstanding payables and for working capital to
develop its battery and mineral separation technologies. No finder's fees are payable in connection with
the Offering.
Each Unit consists of one (1) common share in the capital of the Company and one (1) common share
purchase warrant (each a "Warrant"). Each Warrant entitles the holder to acquire one (1) additional
common share in the capital of the Company (each a "Warrant Share") at an exercise price of $0.05 per
Warrant Share for a period of 24 months from the date of issuance. The securities issued under the
Offering are subject to a hold period ending on the date that is four months plus one day following the
date of issue in accordance with applicable securities laws.
The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX
Venture Exchange (the "TSXV"). No Insiders participated in the Offering and no new control persons
were created under the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
New Director Appointment
With reference to its prior news release dated April 22, 2025, the Company is pleased to announce the
TSXV's approval of Gilles Ayotte's appointment to the Board of Directors. Mr. Ayotte brings more than
30 years of experience in operational leadership, financial management, and union negotiation within
large-scale service organizations. His background includes senior leadership roles at the University of
Victoria and in the hospitality sector, as well as experience as a Union Shop Steward and Vancouver
Island Union Representative. His practical business insight and strong governance experience will
support Volt Carbon's strategic priorities as it scales its clean technology operations.
V-Bond Lee, CEO and President of the company, stated, "We are grateful for the continued support of
our shareholders in this non-brokered financing, which allows us to remain focused on commercializing
our dry separation of graphite. We are also pleased to welcome Mr. Gilles Ayotte to our Board. His
extensive operational and financial background will be instrumental as we advance the Company's
mineral processing and energy initiatives."
About Volt Carbon Technologies
Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and
green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British
Columbia in Canada. For the latest information on Volt Carbon's properties and news please refer to the
website
www.voltcarbontech.com
.
On behalf of the Board of Directors,
Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director
Information Contact
:
Email:
Tel: (519-763-1197)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements,
within the meaning of applicable securities legislation, concerning Volt Carbon's business and affairs.
In certain cases, forward-looking statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or variations of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Such forward-looking
statements include those with respect to: (i) the Company's intention to use the proceeds of the
Offering to pay outstanding payables and for working capital to develop its battery and mineral
separation technologies; (ii) the approval by the TSX Venture Exchange of the Offering; (iii) the
Company's focus on commercializing its dry separation of graphite; and (iv) the anticipated
advancement of the Company's mineral processing and energy initiatives.
Statements of past performance should not be construed as an indication of future performance.
Forward-looking statements involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not necessarily be accurate indications of
whether or not such results will be achieved. A number of factors, including those discussed above,
could cause actual results to differ materially from the results discussed in the forward-looking
statements. Any such forward-looking statements are expressly qualified in their entirety by this
cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary
statements. Readers are cautioned not to place undue reliance on such forward-looking statements.
Forward-looking information is provided as of the date of this press release, and Volt Carbon assumes
no obligation to update or revise them to reflect new events or circumstances, except as may be
required under applicable securities legislation.
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IN THE UNITED STATES
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