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Hypercharge Networks Corp. — Capital/Financing Update 2021
Oct 1, 2021
47771_rns_2021-10-01_dd4a56b7-dad9-481f-bc38-a96e19753edc.pdf
Capital/Financing Update
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MATERIAL CHANGE REPORT
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Item 1. Name and Address of Company – Hypercharge Networks Corp. (the “ Company ”), 1008 Homer Street, #310, Vancouver, BC V6B 2X1
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Item 2. Date of Material Change – October 1, 2021
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Item 3. News Release – News Release issued October 1, 2021
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Item 4. Summary of Material Change – Hypercharge Networks Corp. (the “Company”) announces 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.
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Item 5. Full Description of Material Change – 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.
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Item 6. Reliance on Section 7.1(2) or (3) of National Instrument 51-102 – Not applicable.
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Item 7. Omitted Information – No significant facts remain confidential in, and no information has been omitted from, this report.
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Item 8. Executive Officer – Mr. David Bibby, CEO of the Issuer, is knowledgeable about the material change and this report. He can be contacted at (888) 320-2633.
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Item 9. Date of Report – October 1, 2021