Nuvolt Corporation Inc.
TSX VENTURE : NCO

Nuvolt Corporation Inc.

October 20, 2014 14:42 ET

Nuvolt Corporation Announces the Issuance of Common Shares, Following Warrants Conversion

LEVIS, QUÉBEC--(Marketwired - Oct. 20, 2014) -

THIS PRESS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY. IT SHOULD NOT BE GIVEN TO A TRANSMISSION AGENCY OF THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES.

Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) announces the issuance of a total of 19,901,550 common shares, for proceeds of $1,492,616, following warrants conversion from a group of investors.

This issuance follows the private placement of 40,000,000 units of Nuvolt at a price of $0.05 each for initial proceeds of $2M, as announced in a press release of February 26, 2014.

The proceeds of this transaction will be used to fund Nuvolt's R&D ongoing activities and the development of its sales markets.

This press release does not constitute a selling offer or the solicitation of an offer to buy any securities. The securities referred to in this press release are not and will not be registered under the law of the United States Securities Act of 1933, as amended (the "1933 Act") and they cannot be offered or sold in the United States unless they are registered under the 1933 Act or that they are subject to an exemption from registration under the 1933 Act.

About Nuvolt Corporation Inc.

Nuvolt has developed a unique expertise, along with patented technologies in the field of real-time monitoring and predictive management of electrical failures. Its SmartScantm system converts analogue power related data into actionable knowledge and business intelligence (BI), providing operations executives the ability to prevent equipment failures and production downtime thereby reducing mission critical system failures. Additional benefits include reducing fire risks and increasing machine lifecycles, while keeping service costs in line. Furthermore, the complete suites of Agrivolttm products are respected references in the detection, management and mitigation of leakage current. It has been proudly serving the agriculture market for more than 20 years and is still providing proven productivity benefits to its international customers. www.nuvolt.ca

Certain statements contained in this press release may constitute forward-looking information. Such statements are based on the current expectations of management. You are cautioned that such statements can be subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. There is no guarantee that the proposed Private Placement can be completed on the terms described in this press release. The Private Placement is still subject to the entering into of definitive agreements and various conditions, as described in this press release. These statements speak only as of the date they are made, and Nuvolt assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Dominique Dion CPA, CMA
    Chief of Finances
    (418) 833-0773 x227
    (418) 833-4055 (FAX)