ROCHESTER, N.Y., March 4, 2016 /CNW/ -- Natcore Technology
Inc. (TSX-V: NXT; OTCQB: NTCXF) has announced that it intends
to raise up to CDN$2,000,000 via a
non-brokered private placement.
The non-brokered private placement involves the sale of up to
5,555,555 units at a price of CDN$0.36 per unit for aggregate gross proceeds of
CDN$2,000,000. 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
CDN$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 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. 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.