Hillcrest Energy Technologies Settles Debt with Creditors

Hillcrest Energy Technologies Ltd. has successfully completed a debt settlement with several independent creditors, issuing 783,870 units at $0.18 per unit. This settlement addresses a total debt of $141,096.64. Each unit includes one common share and one share purchase warrant. The warrant allows the purchase of an additional share at $0.20 within 24 months.

The issued securities are subject to a statutory hold period of four months and one day, as per Canadian securities laws. Significantly, these securities are not registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption.

This resolution marks a key step for Hillcrest, aligning with their focus on advanced power conversion technologies. The firm continues to trade under symbols CSE:HEAT, FRA:7HI, and OTCQB:HLRTF.