Natcore Technology Inc (NTCXF)

[JB3729]

I called Tom Scarpa, Natcore's VP and IR man, wondering why the lower share price on higher volume. It may have to do with a planned private placement.

Tom said the company has an opportunity to move into an existing lab in the Houston area, and wanted to take advantage of it. The lab will be used to accelerate their research work. Tom said that Natcore often has to wait for other scientists to complete their testing, or whatever, before Natcore can test, or whatever, at the current labs.

Tom stated that Natcore plans to raise approximately $6 million. The new shares will be priced 15% below the listed share price at the time of the offering. Each new share will come with 1/2 warrant, with a strike price of approximately $1.25.

Tom said that there is strong demand for the new shares. I hope that the market has already priced in the new offering.

JB