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Hypercharge Networks Corp. Announces Closing of $4 Million Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – October 1, 2021) – Hypercharge Networks Corp. (the “Company“) is pleased to announce the closing of a non-brokered private placement through the issuance of 10,000,000 common shares of the Company (the “Shares“) at a price of $0.40 per Share (the “Offering“) for gross proceeds of $4,000,000.

In connection with the Offering, the Company paid finder’s fees of $18,900 in cash.

50% of the Shares issued under the private placement are subject to a hold period of two months and the remaining 50% of the Shares are subject to a hold period of 4 months and one day. Both hold periods are from the date the Company is listed for trading on a recognized stock exchange in Canada.

David Bibby, President & CEO commented, “This financing was well over-subscribed, and we are very encouraged by the public’s interest in our early stage Company.”

For further information, please contact investors@hypercharge.com or by phone at (888) 320-2633.

On behalf of the Board,

Hypercharge Networks Corp.

David Bibby
President & Chief Executive Officer
1008 Homer Street, Suite 310
Vancouver, BC V6B 2X1
Tel: (888) 320-2633

This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or does not expect”, “is expected”, anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 

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