On June 13, 2023, Volt Carbon Technologies Inc. closed the transaction. The company has issued 912,500 units at an issue price of CAD 0.08 for the gross proceeds of CAD 73,000 in the third and final tranche of the transaction. The company has issued 6,712,500 units for aggregate gross proceeds of CAD 537,000 in the transaction.

The transaction included participation from 16 placees including two insiders of the company purchased or acquired direction and control over a total of 1,000,000 units under the transaction including Officers and directors of the Company V-Bond Lee for 750,000 units and Glen Nursey for 250,000 units. No finder’s fees are payable in connection with the transaction. The company has accepted TSX venture exchange filings