Coretec Group Inc (CRTG)

[iamthe walrus]

Todays news release from the company

https://finance.yahoo.com/news/coretec-group-completes-financing-agreement-100000615.html

The Coretec Group Completes Financing Agreement with Diversified [/u]Alpha Fund

Funding to Accelerate Commercialization of Coretec's Proprietary CHS Technology

TULSA, OK / ACCESSWIRE / October 16, 2019 / The Coretec Group, Inc., (OTC PINK:CRTG) (the "Company"), a Company developing a portfolio of silicon-based materials ("CHS") to pursue commercial development of products in energy-focused verticals, and the Diversified Alpha Fund, LLP ("DAF"), a Cayman based regulated mutual fund, announced today they signed an Investment Agreement for a $2.5 million investment in The Coretec Group. The funding will take place over the next 15 months, beginning with the first advance received by the Company in October 2019. The instrument is interest only for 12 months with monthly principal and interest repayment over 36 months thereafter.

A CHS supplier has been identified and an agreement is expected in the near term. A number of parties have expressed non-binding interest in acquiring CHS once a source of supply is established.

Coretec CEO Michael Kraft said: "We're very pleased with the DAF investment. It allows us to build momentum in market adoption and commercialization activities. I thank Coretec shareholders for their continued confidence in Coretec and our technology portfolio."

The DAF funding will accelerate the commercialization of Coretec's proprietary CHS technology that could be targeted at enhancing performance in the following significant global markets: Li Ion Battery/Energy Storage Materials ($20B), Solar ($148B), LED ($22B), Semiconductor Materials ($50B), Medical QDots ($5B), and 3D Displays ($100B).

Simon Johnson, Fund Manager, said, "working with The Coretec Group and their associates has been an encouraging and enlightening process when we see what the future plans hold and the commercial potential of this business. The Fund is delighted to be working with the company and building on its previous successes."

Released October 16, 2019