Vancouver, British Columbia — January 10, 2026 — Leads & Copy — Hillcrest Energy Technologies (CSE: HEAT) (FSE: 7HI) has successfully closed the final tranche of its previously announced offering of units, raising gross proceeds of $4,593,118.86.
The offering was priced at $0.09 per unit and comprised $3,642,879.96 raised through the issuance of 40,476,444 units on a private placement basis and $950,238.90 raised through the issuance of 10,558,210 units in consideration for the settlement of $950,238.90 in debt owing to an arm’s length creditor of the company.
The total cash offering size, cumulative of all tranches, was 48,972,556 units for gross proceeds of approximately $4,407,530. The total debt settlement size, cumulative of all tranches, was 31,581,634 units in settlement of an aggregate of approximately $2,842,347 of debt.
Each unit consists of one common share and one common share purchase warrant. As a result, the company issued an aggregate total of 51,034,654 common shares and 51,034,654 warrants pursuant to the closing of the final tranche.
According to Don Currie, CEO of Hillcrest Energy Technologies, the closing of this final tranche represents a significant milestone for Hillcrest. He added that the strategic investment from Pasqua First Nation not only strengthens their balance sheet but reinforces the value of their collaborative approach to commercializing their ZVS technology.
Combined with the successful retirement of debt and strong investor interest, Hillcrest is now positioned to accelerate its technology development and deliver on the commitments it’s made to its shareholders and partners.
Each warrant entitles the holder to acquire one common share at an exercise price of $0.12 per common share for a period of 24 months from the date of issuance. The warrants are subject to accelerated expiry upon thirty (30) business days’ notice from the company if the common shares trade for ten (10) consecutive trading days any time after four (4) months from the date of issuance at a volume-weighted average price of at least $0.36 on the Canadian Securities Exchange.
The company had previously announced a memorandum of understanding with Pasqua First Nation, whereby PFN would invest $3,000,000 directly into Hillcrest through the purchase of units to support the further development and commercialization of Hillcrest’s ZVS technology and support general operating needs.
Hillcrest intends to use the proceeds from the final tranche of the cash offering for further development of its ZVS technology, marketing of its products to potential customers, investor relations activities, retirement of existing accounts payable, and general working capital.
The securities issued in connection with the offering, including any common shares issuable upon the exercise of the warrants, are subject to a statutory four-month and one-day hold period, in accordance with the policies of the CSE and applicable Canadian securities laws.
Hillcrest Energy Technologies Ltd. focuses on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol “HEAT,” on the OTCQB Venture Market as “HLRTF,” and on the Frankfurt Exchange as “7HI.”
Contact Information:
Investor Relations
Don Currie info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006
Public Relations
Jamie L. Hogue jhogue@hillcrestenergy.tech
O: +1 602-793-9481
Source: Hillcrest Energy Technologies
