Business
NU E Power Corp. Announces Proposed Non-Brokered Private Placement of Units
Calgary, Alberta--(Newsfile Corp. - June 23, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: B5S0) ("NUE" or the "Company") announces that it intends to complete a non-brokered private placement of up to 20,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $3,000,000 (the "Offering").Each Unit will consist of one common share of the Company (each, a "Unit Share") and one-half of one common share purchase warrant of the...
About this update from Nu E Power Corp.
Calgary, Alberta--(Newsfile Corp. - June 23, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: B5S0) ("NUE" or the "Company") announces that it intends to complete a non-brokered private placement of up to 20,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $3,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (each, a "Unit Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional common share of the Company (each, a "Warrant Share") at an exercise price of $0.25 per Warrant Share for a period of three years from the applicable closing date of the Offering, subject to acceleration as described below. If the closing price of the Company's common shares on the Canadian Securities Exchange (the "CSE") equals or exceeds $0.40 for 10 consecutive trading days at any time after the date that is four months and one day following the applicable closing date and no later than the applicable expiry date of the Warrants, the Company may, in its sole discretion, accelerate the expiry date of the Warrants by delivering written notice to the holders of Warrants. In such event, the Warrants will expire 30 calendar days following the date of such notice. The Company will issue a news release on the same day that any acceleration notice is delivered. The Company intends to use the net proceeds of the Offering for working capital purposes and to fund the advancement of the Company's renewable energy projects including existing projects Lethbridge 2, 3, and Hanna, acquisition of new projects, general & adminstrative purposes, and working capital. The Company may close the Offering in one or more tranches and reserves the right to increase the size of the Offering at any time prior to the final closing, subject to all applicable regulatory approvals. The first closing is expected to occur on or about June 29, 2026, with a final closing expected to occur on or about July 7, 2026. Completion of each tranche of the Offering is subject to, among other things, the Company providing notice to the CSE, execution of subscription agreements by subscribers, receipt of subscri...