HPQ Silicon Inc. Announces Non-Brokered Private Placement to Fuel Growth

• HPQ Silicon Inc. aims to raise $414,000 through a non-brokered private placement of 2.3 million units, with the potential to increase to $950,950.
• Each unit includes one common share and one warrant, enhancing investor incentives with the option to purchase additional shares at $0.25 within 48 months.
• Significant insider participation, including from President and CEO Bernard Tourillon, underscores confidence in HPQ's strategic direction and future prospects.

HPQ Silicon Inc., based in Quebec, is a technology company focused on innovation in advanced materials and critical process development. It collaborates with technology leaders PyroGenesis Inc. and NOVACIUM SAS. The company has announced a non-brokered private placement of 2.3 million units, aiming to raise $414,000. This move is intended to finance ongoing initiatives and general corporate purposes.

Each unit in the offering includes one common share and one common share purchase warrant. The warrant allows the purchase of an additional share at $0.25 within 48 months of the placement's closing. HPQ reserves the right to increase the offering to a maximum of 5,283,050 units, potentially raising up to $950,950. This flexibility allows the company to adjust its capital-raising efforts based on investor interest.

The placement targets accredited investors and requires approval from the TSX-Venture and other regulatory authorities. HPQ may pay finder's fees in various forms, including cash, shares, warrants, or options. Insiders, including President and CEO Bernard Tourillon, are expected to participate significantly, with Tourillon subscribing for $200,160 worth of units. This insider participation signals confidence in the company's future prospects.

Bernard Tourillon stated that the financing provides HPQ with the foundation necessary to capitalize on larger opportunities. This strategic move aligns with the company's focus on innovation and partnerships with industry leaders. By securing additional funds, HPQ aims to strengthen its position in the advanced materials sector and pursue growth opportunities.