ROCHESTER, N.Y., March 18, 2016 /CNW/ -- Natcore
Technology Inc. (TSX-V: NXT; OTCQB: NTCXF)
has completed its non-brokered private placement, as announced on
March 4, 2016. Gross proceeds
of $808,018.92 were raised through
the sale of 2,244,497 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 until March 17,
2019. Aggregate finder's fees of $8,442 was paid in cash and 23,450 warrants,
bearing the same terms as the unit warrants, were issued
The securities issued in the final tranche are subject to a hold
period in Canada expiring on
July 18, 2016. Proceeds of the
placement will be applied to further development of Natcore's
technologies and general working capital.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy the securities in any
jurisdiction. 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.