PwrCor, Inc. announced that it expects to receive $0.8 million in funding
July 25, 2017
Share
PwrCor, Inc. (OTCPK:PWCO) announced that it has entered into a subscription agreement for a private placement of issue 8,000,000 units at a price of $0.10 per unit for gross proceeds of $800,000 on July 26, 2017. Each unit will consist of one restricted common share and one half of one warrant. Each warrant will entitle its holder to acquire one common share at an exercise price of $0.30. The warrants may be redeemed, in whole or in part, on at least twenty days’ prior written notice, at a price of $.001 per share; provided the average closing bid price of the common stock is at or above $1.00 per share for at least twenty consecutive trading days ending with three business days prior to the redemption notice. The minimum investment accepted from any outside investor is $25,000. The company will issue securities pursuant to exemption provided under Regulation D.
PwrCor, Inc. (PwrCor) is a cleantech energy technology company. The Company is developing advanced, novel solutions in the waste-heat-to-energy, geothermal, clean water, hydrogen production, and other markets. With its heat conversion technology, it is able to produce cost-effective mechanical or electric power from wasted heat-from low-grade heat in the 250 to 400 F range down to ultra-low temperatures in the 140 to 250 F range. PwrCor technology can be used to convert low levels of heat from any source, including industrial, geothermal, or solar, into sufficient mechanical power to drive reverse osmosis equipment wherever there is access to water, including sea water, without even having to produce electricity. PwrCor technology is also positioned to facilitate the Energy Transition initiative by creating power from heat generated in the production of Hydrogen and Ammonia, as well as from fuel cells, thereby reducing cost of operations.
PWRCOR, INC. 