Natcore Technology Inc. (TSXV:NXT) announced a non-brokered private placement of 1,162,790 units at CAD 0.43 per unit for gross proceeds of CAD 499,999.70 on January 15, 2015. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase an additional common share of the company at CAD 0.70 per share for a period of three years from the date of issuance. The transaction has an over-allotment option. If the over-allotment option gets exercised, the company will issue additional 232,558 units for additional gross proceeds of CAD 99,999.94. The company may pay finders' fees on all or portion of the transaction. The transaction is subject to regulatory approval, including the approval of the TSX Venture Exchange.

On January 23, 2015, the company announced that it has issued 1,256,784 units for gross proceeds of CAD 540,418 in its first tranche. All securities issued in the initial tranche are subject to a hold period in Canada expiring on May 22, 2015.