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Friday, 03/31/2023 7:18:03 PM

Friday, March 31, 2023 7:18:03 PM

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Who the heck is on their computer at 7:14 at night on a Friday!. Keepin' the lights on I suppose:
by @newswire on 31 Mar 2023, 19:14
Hillcrest Announces Private Placement


VANCOUVER, BC, March 31, 2023 /CNW/ - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) ("Hillcrest" or the "Company"), announces a non-brokered private placement of up to an aggregate of 25,000,000 units of the Company (a "Unit") at a price of $0.08 per Unit for aggregate gross proceeds of up to $2,000,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.15 per Common Share for a period of 24 months following the closing date of the Offering.

Hillcrest Energy Technologies Ltd. Logo (CNW Group/Hillcrest Energy Technologies Inc.)

The Company intends to use the proceeds from the Offering for ongoing technology development and commercialization activities and general working capital.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The securities of the Company referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Hillcrest Energy Technologies

Hillcrest Energy Technologies is a clean technology company developing high-value, high-performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" on the Frankfurt Exchange as "7HIA.F". For more information, please visit: