(TheNewswire)

Montreal, Quebec, Canada / TheNewswire / February 3, 2017 - HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) would like to inform shareholders that it is proceeding with an equity financing to support the rapid advancement of its PUREVAP™ Quartz Reduction Reactor Pilot Plant project.

Terms of the proposed Private Placement

HPQ-Silicon is proceeding with a non-brokered private placement of up to 5,900,000 units ("Unit") at $0.17 per Unit for gross proceeds of up to $1,003,000.  Insider participation in this placement could account for up to 10% of the total amount subscribed

Net proceeds of the placement will be used for on-going business development costs related to the development of HPQ – 200 TPY R&D Solar Grade Silicon Metal PUREVAP™ Quartz Reduction Reactor Pilot Plant, general corporate expenses, placement fees and legal expenses. If demand warrants, the placement may be increased by up to another 6,000,000 units.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant") of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals. 

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “This round of funding will provide HPQ-Silicon with the resources and flexibility to continue the rapid advancement of the Pilot Plant project with PyroGenesis while simultaneously continuing ongoing discussion with Government based agencies that are demonstrating an interest in the PUREVAP QRR potential. As there are no certainty about the actual timing of these government financing, it was thought more prudent to seek additional funding when demand was strong.”

The Corporation is agreeable to pay Finder’s Fees, subject to The TSX policies, to introducing agents that participate in the private placement.

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

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