Natcore Technology Inc. announced that it has received CAD 0.58 million in funding.
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.
On January 26, 2015, Natcore Technology Inc. closed the transaction. The company issued 95,278 units for proceeds of CAD 40,969.54 in its second and final tranche. The company issued 1,352,062 units for gross proceeds of CAD 581,387.77 in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $25,000 (CAD 31,033.0). The transaction involved participation form 17 investors. Canaccord Genuity Corp., Wolverton Securities Ltd., and Bryce Bradley acted as finders and received $3,500 (CAD 4,344.62) in the transaction. The securities issued in the final tranche are subject to a hold period in Canada expiring on May 24, 2015. The conversion was made through www.oanda.com on January 26, 2015. The transaction included participation from 17 placees.