Acceleware announces private placement of units and shares for debt transactions.

From GlobeNewswire: 2025-06-30 21:17:00

Acceleware® Ltd. is pleased to announce a non-brokered private placement of units at a price of $0.10 per Unit for gross proceeds of up to $1,500,000. Each Unit will consist of one common share and one common share purchase warrant. The Company also intends to settle up to $300,000 in trade payables through shares for debt transactions. Insiders are expected to participate in the Private Placement and Shares for Debt Transactions. The net proceeds will be used to fund the Company’s RF XL 2.0 redeployment plan and advance new RF heating applications.

Acceleware is an advanced electromagnetic heating company with cutting-edge RF power-to-heat solutions for industrial applications. The Company is working on improving the efficiency of amine regeneration and has partnered with a consortium of potash partners. Acceleware’s RF XL technology is a patented low-cost, low-carbon RF thermal enhanced oil production technology for heavy oil. The completion of the Private Placement and Share for Debt Transactions is subject to regulatory approvals. Acceleware is listed on the TSXV under the trading symbol “AXE.”



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