Volt Carbon Announces Closing of First Tranche of Private Placement for gross proceeds of $200,025, Extension of Private Placement and Launch of Carbon Credits Initiative

Calgary, AB, Canada, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Volt Carbon Technologies Inc. (“Volt Carbon” or the “Company”) (TSX-V: VCT) (OTCQB: TORVF), is pleased to announce that it has closed the first tranche of the private placement (the “Offering”) announced on July 22^nd, 2024 and clarified on July 30^th, 2024, by issuing 4,445,000 common shares in the capital of the Company on a “flow-through” basis pursuant to the Income Tax Act (Canada) (each a “Flow-Through Share”) at a price of $0.045 per Flow-Through Share for gross proceeds of $200,025 (the “First Tranche”). The Company will use the net proceeds of the Offering to incur qualifying “Canadian exploration expenses” as such term is defined in the Income Tax Act (Canada). All securities as part of the Offering are subject to a four-month and one day hold period.

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