TSX runs higher on rate cut expectations
CALGARY - Volt Carbon Technologies Inc. (TSXV:VCT) (OTCQB:TORVF), a micro-cap company with a market capitalization of $3.72 million, has closed the first tranche of its previously announced private placement, raising C$100,000 through the issuance of 5 million units priced at C$0.02 each, according to a company press release.
Each unit consists of one common share and one warrant, with each warrant allowing the holder to purchase an additional common share at C$0.05 for a period of 24 months from issuance. All securities issued in this tranche will be subject to a four-month and one-day holding period.
No finder’s fees were paid in connection with the first tranche closing. The company stated it expects to close a second tranche of the offering on or before September 10, 2025, subject to approval from the TSX Venture Exchange.
The private placement was initially announced on July 31, 2025. Volt Carbon describes itself as a carbon science company focused on energy storage and green energy creation, with mining claims in Ontario, Quebec, and British Columbia. InvestingPro analysis reveals the company’s revenue declined by 29% in the last twelve months, with 8 additional key insights available to subscribers regarding the company’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.