HPQ Silicon raises $306,120 through private placement of shares

HPQ Silicon Inc. (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08) completed a non-brokered private placement of 1,883,815 common shares at $0.1625 per share for gross proceeds of $306,120, according to a company statement.

The financing was completed with a European-based investment firm. Each common share issued is subject to a mandatory four-month-and-one-day hold period from the closing date, in accordance with Canadian securities laws. The placement requires standard regulatory approvals, including approval from the TSX Venture Exchange.

The company will use net proceeds for general working capital and corporate purposes, as well as to advance battery-related initiatives and ongoing research and development projects.

"Closing a shares-only financing without paying any finder's fees demonstrates the strength of HPQ's value proposition," said Bernard Tourillon, President and CEO of HPQ Silicon Inc. "Although modest in size, this financing provides HPQ with additional flexibility and supports our ability to pursue the larger opportunities we are actively advancing."

HPQ Silicon is a Quebec-based technology company focused on advanced materials and critical process development. The company is developing silicon-based anode materials for batteries, commercializing lithium-ion cells, and developing clean-hydrogen and waste-to-energy technologies.

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