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MONTREAL, QUEBEC--(Marketwired - Feb. 23, 2017) - HPQ Silicon Resources Inc ("HPQ") (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has completed a first tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 9,411,766 units ("Unit") at $0.17 per Unit for gross proceeds of $1,600,000. 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 PUREVAPT Quartz Reduction Reactor Pilot equipment, general corporate expenses, legal expenses and placement fees. |
