Business
Nu E Power Corp. Announces Closing of First Tranche of Non-Brokered Private Placement and Shares for Debt Transactions
Calgary, Alberta--(Newsfile Corp. - October 7, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it has closed the first tranche of its non-brokered private placement offering of 666,500 units in the capital of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $99,975 (the "Offering"). Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common.
About this update from Nu E Power Corp.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - October 7, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it has closed the first tranche of its non-brokered private placement offering of 666,500 units in the capital of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $99,975 (the "Offering"). Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a "Warrant Share") at a price of $0.30 per Warrant Share for a period of 36 months after the closing date of the Offering.","length":837,"tagName":"p"},{"type":"text","content":"The net proceeds from the sale of the Units will be used for general working capital purposes. The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. The Company expects to close the remainder of the Offering on or around October 10, 2025.","length":315,"tagName":"p"},{"type":"text","content":"This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.","length":690,"tagName":"p"},{"type":"text","content":"Shares for Debt","length":15,"tagName":"p"},{"type":"text","content":"The Company announces they will settle outstanding indebtedness of the Company in the aggregate amount of $210,343 (the "Debt"), pursuant to the terms of debt settlement agreements with certain arm's length and non-arm's length creditors (the "Creditors"). In s...