ROCHESTER, N.Y., Dec. 23, 2015 /CNW/ -- Natcore Technology Inc.
(TSX-V: NXT; OTCQB: NTCXF) has completed the second tranche of
its proposed non-brokered private placement, as announced on
November 26, 2015. Gross proceeds of
$605,228.04 were raised through the
sale of 1,681,189 units at a price of $0.36 per unit. Each unit comprised one common
share and one share purchase warrant. Each warrant entitles the
holder to purchase of a further common share at $0.55 for a period of three years.
All securities issued in the initial tranche are subject to a
hold period in Canada expiring on
April 19, 2016. Proceeds of the
placement will be applied to further development of Natcore's
technologies and general working capital. A third and final tranche
of the placement is expected to close on or before January 5, 2016.
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
(585) 286-9180
Info@NatcoreSolar.com
SOURCE Natcore Technology Inc.