Source: AmmPower
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  • AmmPower Corp. (AMMP) has closed a private placement to a single U.S. institutional investor for gross proceeds of approximately C$3,000,000
  • The company issued 7,142,858 units priced at $0.42 per unit
  • H.C. Wainwright & Co., as the exclusive placement agent for the placement
  • Net proceeds will be used to fund research and product development activities
  • AmmPower is a Vancouver-based resource exploration company focused on clean energy
  • AmmPower Corp. (AMMP) opened trading at $0.53 per share

AmmPower Corp. (AMMP) has closed its previously announced private placement for gross proceeds of approximately C$3,000,000.

The company issued 7,142,858 units priced at $0.42 per unit. Each unit includes one common share and one share purchase warrant. Each warrant may be exercised to purchase one share for $0.52 any time before February 16, 2027.

H.C. Wainwright & Co., as the exclusive placement agent for the placement, received a cash commission of $240,000 and 571,429 compensation warrants.

Net proceeds will be used to fund research and product development activities and for general working capital purposes.

AmmPower is a Vancouver-based resource exploration company focused on clean energy.

AmmPower Corp. (AMMP) opened trading at $0.53 per share.

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