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ABOUND Energy Successfully Closes First Tranche of Offering, Raises $410,322
Richmond, BC — July 4, 2025 — NewsWall — ABOUND Energy Inc. has announced the closing of the first tranche of its previously announced offering, raising gross proceeds of $410,322 through the sale of 5,470,950 Units. Each unit includes one common share and one common share purchase warrant. The proceeds will support working capital needs and the deployment of ABOUND’s NOVARE resource recovery technology, along with the integration of Zaeras™ energy storage solutions.
Each warrant is exercisable for two years into one common share at $0.125 per share during the first twelve months and $0.30 per share thereafter until twenty-four months from issuance.
All securities issued are subject to a four-month-and-one-day hold period until October 31, 2025. The company also intends to extend the exercise period for 6,353,154 warrants exercisable at $0.20 per common share by 12 months, pending approval from the Canadian Securities Exchange.
ABOUND specializes in developing scalable, environmentally friendly, long-lasting energy technology.
Jason Birmingham, CEO
Email: Investors@Abound.Energy
Ph: +1 (672) 887-9688
Source: ABOUND Energy Inc.