ROCHESTER, N.Y., Nov. 26, 2015 /CNW/ -- Natcore Technology
Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it
intends to raise up to CND$3,000,000 via a non-brokered private
placement.
The non-brokered private placement involves the sale of up to
8,333,333 units at a price of CND$0.36 per Unit for aggregate gross
proceeds of CND$3,000,000. Each unit comprises one common
share and one share purchase warrant. Each warrant will
entitle the holder to purchase of a further common share at
CND$0.55 for a period of three years from closing.
Finder's fees may be payable on all or portion of the
financing. Proceeds of the placement will be applied to
further development of Natcore's technologies and general working
capital. The completion of the placement is subject to regulatory
approval, including the approval of the TSX Venture Exchange.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy the securities in any
jurisdiction. The Company has not authorized nor consented to
third party publication of the information contained in the press
release. Neither the United States Securities and Exchange
Commission ("SEC"), the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) opines as to, nor accepts responsibility for,
the adequacy or accuracy of this release.
Contact: Chuck Provini
732-576-8800
Info@NatcoreSolar.com
SOURCE Natcore Technology Inc.