12:38 PM EDT, 07/11/2025 (MT Newswires) -- HPQ Silicon ( HPQFF ) on Friday said it closed the second tranche of a private placement of share units that raised $0.34 million.

The company said it placed 3.16-million units in the trance. With each priced at $0.18 and made up of a share and a four-year warrant to buy a second share for $0.25.

Along with the first tranche, the placement raised a total $0.91 million.

"Closing this financing of more than $900,000 at a nearly 9% premium, despite less-than-ideal market conditions, is a strong validation of the market's confidence in HPQ's value proposition," chief executive Bernard Tourillon said in a release. "While modest in size, this financing lays a solid foundation for HPQ to capitalize on the larger opportunities we are actively pursuing."

The company's shares were last seen up $0.005 to $0.165 on the TSX Venture Exchange.

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