VOLT CARBON TECHNOLOGIES ANNOUNCES $700,000 PRIVATE PLACEMENT

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Calgary, AB, Oct. 24, 2022 (GLOBE NEWSWIRE) --

Volt Carbon Technologies Inc. (“Volt” or the “Company”) (TSX-V: VCT & OTCQB:TORVF) is pleased to announce that is has entered into an Engagement Letter with Sixty Two Capital Pty Ltd. (“Sixty Two Capital” or the “Finder”) pursuant to which the Company intends to complete a non-brokered private placement of 10,000,000 common shares in the capital of the Company (each, a “Share”) at a price of $0.07 per Share for gross aggregate proceeds of CDN$700,000 (the “Offering”).   The Shares will be subject to a four month and one day hold period.   The Company anticipates closing the Offering as soon as October 31.

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