ROCHESTER, N.Y., Dec. 1, 2015 /CNW/ -- Natcore Technology
Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the
first tranche of its proposed non-brokered private placement, as
announced on November 26, 2015.
Gross proceeds of $610,000.00
were raised through the sale of 1,694,444 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
March 31, 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. 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.
Not for distribution to United States Newswire Services or
for dissemination in the United
States
Contact: Chuck Provini
585-286-9180
Info@NatcoreSolar.com
SOURCE Natcore Technology Inc.
