01:52 PM EDT, 05/27/2024 (MT Newswires) -- Hillcrest Energy Technologies ( HLRTF ) said Monday it plans to raise proceeds of up to $750,000 in a non-brokered private placement of share units.

The offering comprises 3-million units priced at $0.25 apiece and made up of a share and a three-year warrant to buy a second share for $0.30.

The company plans to use the proceeds for increased marketing and investor relations activities, technology development, and general working capital, including the retirement of existing accounts payable.

The company's shares fell 2% on last look on Monday.

Price: 0.25, Change: -0.01, Percent Change: -2.00