HPQ Silicon Inc.: Final Closing of Financing

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MONTREAL, Nov. 24, 2023 (GLOBE NEWSWIRE) — HPQ Silicon Inc. (“HPQ” or the “Firm”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a know-how firm specializing in inexperienced engineering processes for silica and silicon materials manufacturing is happy to tell shareholders that it closed the its Non-Brokered Non-public placement financing introduced on October 16, 2023. Along with the 1,225,500 items as introduced on November 16, 2023, the corporate publicizes the closing of extra 981,818 items at a worth of $ 0.275 per unit for a gross proceed of $ 269,999.94, bringing the entire quantity raised at $ 607,012.44 and the entire variety of items issued at 2,207,318.

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“Efficiently elevating greater than $ 600,000 at a premium of just about 9% to market, in these less-than-ideal market situations, is one other demonstration of the curiosity within the HPQ worth proposition,” mentioned Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc.

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Every Unit is comprised of 1 (1) frequent share and one (1) frequent share buy warrant of the Firm. Every Warrant will entitle the holder thereof to buy one frequent share of the capital inventory of the Firm at an train worth of $ 0.30 for a interval of 24 months from the date of closing of the location. Every share issued pursuant to the location can have a compulsory 4 (4) month and one (1) day holding interval from the date of closing of the location.

In reference to the location, Stephen Avenues Securities Inc. of Toronto, Ontario, obtained a money fee equal to $ 9,075 and the Firm issued to them 33,000 dealer warrants, and Analysis Capital of Toronto, Ontario obtained a money fee equal to $ 1,500 and the Firm issued to them 5,454 dealer warrants. Every Dealer Warrant will entitle the Dealer to accumulate one frequent share of the corporate at a worth of $0.30 per share for a interval of 24 months following the Closing Date.

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This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the USA. The securities haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and will not be provided or bought inside the USA or to U.S. Individuals until registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is offered.

About HPQ Silicon

HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Enterprise Trade Tier 1 Industrial Issuer.

HPQ is growing, with the help of world-class know-how companions PyroGenesis Canada Inc. and NOVACIUM SAS, new inexperienced processes essential to make the essential supplies wanted to succeed in web zero emissions.

HPQ actions are centred across the following 4 (4) pillars:

1. Changing into a inexperienced low-cost (Capex and Opex) producer of Fumed Silica utilizing the FUMED SILICA REACTOR, a proprietary know-how owned by HPQ being developed for HPQ by PyroGenesis.
2. Changing into a zero CO₂ low-cost (Capex and Opex) producer of Excessive Purity Silicon (2N+ to 4N) utilizing our PUREVAP^TM “Quartz Discount Reactors” (QRR), a proprietary know-how owned by HPQ being developed for HPQ by PyroGenesis.
3. Changing into a producer of silicon-based anode supplies for battery purposes with the help of NOVACIUM SAS.
4. HPQ SILICON affiliate NOVACIUM SAS is growing a low carbon, chemical base on demand and high-pressure autonomous hydrogen manufacturing system.

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For extra info, please go to HPQ Silicon site.

Disclaimers:

This press launch incorporates sure forward-looking statements, together with, with out limitation, statements containing the phrases “could”, “plan”, “will”, “estimate”, “proceed”, “anticipate”, “intend”, “anticipate”, “within the course of” and different related expressions which represent “forward-looking info” throughout the that means of relevant securities legal guidelines. Ahead-looking statements mirror the Firm’s present expectation and assumptions and are topic to quite a lot of dangers and uncertainties that would trigger precise outcomes to vary materially from these anticipated. These forward-looking statements contain dangers and uncertainties together with, however not restricted to, our expectations concerning the acceptance of our merchandise by the market, our technique to develop new merchandise and improve the capabilities of present merchandise, our technique with respect to analysis and growth, the influence of aggressive merchandise and pricing, new product growth, and uncertainties associated to the regulatory approval course of. Such statements mirror the present views of the Firm with respect to future occasions and are topic to sure dangers and uncertainties and different dangers detailed from time-to-time within the Firm’s ongoing filings with the safety’s regulatory authorities, which filings might be discovered at www.sedar.com. Precise outcomes, occasions, and efficiency could differ materially. Readers are cautioned to not place undue reliance on these forward-looking statements. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements both on account of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines.

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Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

This Information Launch is offered on the corporate’s CEO Verified Dialogue Discussion board, a moderated social media platform that permits civilized dialogue and Q&A between Administration and Shareholders. 

Supply: HPQ Silicon Inc.
For additional info contact:
Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271
Patrick Levasseur, Director Tel: +1 (514) 262-9239
E mail: Data@hpqsilicon.com

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