3 million shares debt
posted on
Oct 11, 2017 11:04PM
Achieved final critical milestones, completing a successful silicon pour
Bernard,
Can you please provide additional proof of this typical standard 4 month hold period. I don't see it listed in any of the pressers regarding the shares for debt, similar to the agoracom shares for debt. This comment is in reference to your previous comments on agoracom regarding 4 month hold.
MONTREAL, QUEBEC--(Marketwired - March 7, 2017) - HPQ Silicon Resources Inc ("HPQ") (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has completed the second and final tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 2,488,234 units ("Unit") at $0.17 per Unit for gross proceeds of $423,000. The Net proceeds of the placement will be used for on-going R&D investments related to the development of 200 Ton/Year Solar Grade Silicon Metal PUREVAP™ Quartz Reduction Reactor Pilot equipment, general corporate expenses, legal expenses and placement fees.
Each Unit is comprised of one (1) common share and one (1) common share purchase warrant ("Warrant") of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.
MONTREAL, QUEBEC--(Marketwired - Oct. 3, 2017) - HPQ Silicon Resources Inc ("HPQ") (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) announces that the Directors of the Company have agreed to settle a CAD $300,000.00 debt for technical services, rendered by a European supplier, by issuing 3,000,000 units ("Unit") at $0.10 per Unit, each Unit being comprised of 1 common share and 1 common share purchase warrant ("Warrants") of the Company. Each Warrant will entitle the holder to purchase one common share of the capital stock of the Company at an exercise price of $ 0.20 during a period of 36 months from the date of the settlement.
Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, "We expect the value of the technical services provided by this European supplier to have a great positive impact on HPQ and their acceptance of the settling of this debt via the issuances of Units is a confirmation of their belief in our venture."
Why is it stated in one but not the other???
thank you