Volt Carbon Technologies Inc.（“Volt Carbon”或“公司”）参考其于 2024 年 11 月 19 日、2024 年 12 月 2 日和 2024 年 12 月 24 日发布的新闻稿，欣然宣布公司已完成第三笔也是最后一笔非经纪私募融资（“发行”），发行 2,600,000 股单位（“单位”），价格为每股 0.025 加元，总收益为 65,000 加元。

总体而言，公司通过发行 16,666,667 个流通单位（“FT 单位”）筹集了总计 565,000.01 加元，发行价格为 0.03 加元，总收益为 500,000.01 加元，以及发行 2,600,000 个单位，发行价格为 0.025 加元，总收益为 65,000 加元，与本次发行有关。

每个 FT 单位包括一股公司普通股（每股为“普通股”），将作为《所得税法》（加拿大）（“所得税法”）所定义的“流通股”（每股为“FT 股”）发行，以及半份普通股认股权证（每份完整认股权证为“认股权证”）。每个单位包括一股普通股和半份认股权证。每份完整认股权证将赋予其持有人权利，在发行之日起 24 个月内随时以 0.05 加元的价格购买一股普通股。

在发行的首批股票中，公司向 Red Cloud Securities Inc.（“Red Cloud”）支付了 21,000 美元的现金中介费，这与公司的交易无关。此外，公司还向 Red Cloud 发行了 700,000 份不可转让的中介认股权证，行使价为 0.03 加元（每份“中介认股权证”）。每份中介认股权证可在发行之日起 24 个月内随时行使，换取一股普通股。

公司希望对 2024 年 12 月 24 日发布的关于第二批的新闻稿进行更正。公司错误地宣布 Qwest Investment Fund Management Ltd. 为寻找者；然而，正确的寻找者是 PB Markets Inc.（“PB”），它是一家公平交易的寻找者。PB (i) 获得了 14,000 美元的现金寻找者费用，并且 (ii) 获得了 466,666 份寻找者认股权证。

公司将使用发行的净流通收益来支付符合条件的“加拿大勘探费用”（该术语在《所得税法》中定义），并将净单位收益用作公司的一般营运资金。

发行的结束须获得包括多伦多证券交易所创业板（“TSXV”）在内的所有必要监管机构的批准。根据适用的证券法，根据发行发行的证券须遵守持有期，持有期结束日期为发行日后四个月加一天。本次发行未产生任何内幕信息知情人参与，亦未产生任何新的控制人。

Volt Carbon Technologies Inc. ("Volt Carbon" or the "Company") with reference to its prior news releases dated Nov 19, 2024, Dec 2, 2024, and Dec 24, 2024, is pleased to announce that the Company has closed the third and final tranche of its non-brokered private placement financing (the "Offering") by issuing 2,600,000 units ("Units") at a price of CAD$0.025 per Unit for gross proceeds of CAD$65,000.

In total, the Company has raised an aggregate amount of CAD$565,000.01 through the issuance of 16,666,667 flow-through units ("FT Units") at a price of CAD$0.03 for gross proceeds of CAD$500,000.01, and 2,600,000 Units at CAD$0.025 for gross proceeds of CAD$65,000 in connection with the Offering.

Each FT Unit consists of one common share of the Company (each, a "Common Share") to be issued as a "flow-through share" (each, a "FT Share") within the meaning of the Income Tax Act (Canada) (the "Income Tax Act") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Unit consists of one Common Share and one-half of one Warrant. Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of CAD$0.05 at any time for a period of 24 months from the date of issuance.

In connection with the initial tranche of the Offering, a cash finder's fee of $21,000 was paid to Red Cloud Securities Inc. ("Red Cloud"), which is arm's length to the Company. Additionally, 700,000 non-transferable finder's warrants at an exercise price of CAD$0.03 (each a "Finder's Warrant") were issued to Red Cloud. Each Finder's Warrant is exercisable for one Common Share at any time for a period of 24 months from the date of issuance.

The Company wishes to make a correction to the news release dated Dec 24, 2024, regarding the second tranche. The Company erroneously announced Qwest Investment Fund Management Ltd. as the finder; however, the correct finder is PB Markets Inc. ("PB"), which is an arm's length finder. PB was (i) paid a cash finder's fee of $14,000, and (ii) was issued 466,666 Finder's Warrants.

The Company will use the net Flow-Through proceeds of the Offering to incur qualifying "Canadian exploration expenses," as such term is defined in the Income Tax Act, and the net Unit proceeds as general working capital for the Company.

The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange (the "TSXV"). The securities issued under the Offering are subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. No Insiders participated in the Offering and no new control persons were created under the Offering.