HPQ Announces Non-Broker Private Placement of Units
October 16 2023 - 6:30AM
HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering processes for silica and silicon
material production is pleased to announce that it intends to
proceed with a non-brokered private placement of Units for up to
$2,500,000. The Company intends to use the net proceed to finance
its ongoing Silicon, Fumed Silica and Hydrogen initiatives and
general corporate purposes.
Private placement highlights: Non-Brokered Private placement
financing of up to 9,090,910 Units at a price of $0.275 per unit
for a gross proceed of $2,500,000.
Each Unit is comprised of one (1) common share and one (1)
common share purchase warrant of the Company. Each Warrant will
entitle the holder thereof to purchase one common share of the
capital stock of the Company at an exercise price of $ 0.30 for a
period of 24 months from the date of closing of the placement. Each
share issued pursuant to the placement will have a mandatory four
(4) month and one (1) day holding period from the date of closing
of the placement. This Placement is subject to the approval of the
TSX-Venture and any other regulatory authorities. In connection
with the placement, the company could pay finder's fee, in the form
of cash, shares, warrants and or options.
Under special conditions and at its sole discretion, the company
can increase the size of placement to $4,400,000.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a
Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of
world-class technology partners PyroGenesis Canada Inc. and
NOVACIUM SAS, new green processes crucial to make the critical
materials needed to reach net zero emissions.
HPQ activities are centred around the following
five (5) pillars:
- Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our proprietary
PUREVAPTM “Quartz
Reduction Reactors” (QRR) being developed for HPQ by
PyroGenesis.
- Becoming a producer of silicon-based anode materials for
battery applications with the assistance of NOVACIUM SAS.
- Becoming a green low-cost (Capex and Opex) producer of Fumed
Silica using our proprietary FUMED SILICA REACTOR
being developed by PyroGenesis.
- HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon,
chemical base on demand and high-pressure autonomous hydrogen
production system.
- Working to become the first producer of nano silicon materials
from High Purity Silicon chunks using our proprietary
PUREVAPTM Nano Silicon
Reactor (NSiR) being developed by
PyroGenesis.
For more information, please visit HPQ Silicon
web site.
Disclaimers:
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's ongoing filings with the security’s
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the 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.
This News Release is available on the
company's CEO Verified Discussion Forum, a moderated social
media platform that enables civilized discussion and Q&A
between Management and Shareholders.
Source: HPQ Silicon Inc.For further
information contact: Bernard J. Tourillon, Chairman,
President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
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