Nesscap Announces Completion of US $1 Million Convertible Note Financing
(firmenpresse) - SEOUL, SOUTH KOREA and TORONTO, ONTARIO -- (Marketwired) -- 12/22/14 -- Nesscap Energy Inc. (Nesscap) (TSX VENTURE: NCE), a global leader in research, development and manufacturing of ultracapacitor products, announces that it has completed a non-brokered private placement of a US $1,000,000 Convertible Note (the Note) with I2BF Energy Ltd. (the Offering). The proceeds of the Offering will be used for working capital.
The Offering constitutes the second tranche of the bridge financing previously announced on April 8, 2014. The Offering was made on the following terms and conditions: (i) the Note has a maturity date of April 1, 2015; (ii) the conversion price is CAD 0.10 per common share; and (iii) the interest rate is 10% per annum. The Note is also unsecured and ranks equally with other unsecured creditors of Nesscap. Nesscap can prepay the outstanding principal and interest on the Note, in whole or in part, at any time without premium or penalty.
About Nesscap
Since its inception in 1999, Nesscap Energy Inc. has become an award winning global leader in technology innovation and product development of ultracapacitors. Attributes of the ultracapacitor allow for the technology to be used in applications where power, life cycle requirements, or environmental conditions limit the suitability of batteries or capacitors. Nesscap products are available in both cells and modules and are used to enhance the performance of modern applications ranging from portable electronic devices to high performance windmills and high-tech ''green'' cars. Nesscap features the widest array of standard commercial products in the market from 3 farads to 6,200 farads with industry recognized alternative organic electrolytes. Customers of the Company include transportation, power, and consumer markets. Technical and sales information can be found at .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has in any way approved or disapproved of the contents of this press release.
Forward-Looking Statements
Included in this news release are matters that constitute "forward-looking" information within the meaning of Canadian securities law. Such forward-looking statements may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may" or words of a similar nature. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include among others, regulatory risks, risk inherent in foreign operations, commodity prices and competition. Most of these factors are outside the control of the Company. All subsequent forward-looking statements attributable to the Company or its agents are expressly qualified in their entirety by these cautionary comments. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Contacts:
Nesscap Energy Inc.
Jim Zuidema
Chief Executive Officer (Acting)
845-652-0833
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Datum: 22.12.2014 - 17:47 Uhr
Sprache: Deutsch
News-ID 1327010
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