Acceleware Ltd. Announces Closing of First Tranche of Non-Brokered Private Placement

CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of cutting-edge radio frequency (“RF”) power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for carbon capture and other applications), and enhanced oil production, announces that the Company closed the first tranche of the non-brokered private placement of units (the “Units”) that it previously announced on June 30, 2025 (the “Private Placement”) and distributed a total of 7,913,342 Units, at a price of $0.10 per Unit, for total gross proceeds of $791,334.20. It is anticipated that one or more subsequent tranches of the Private Placement will be closed in due course.

Source: https://www.globenewswire.com/news-release/2025/07/31/3125540/0/en/Acceleware-Ltd-Announces-Closing-of-First-Tranche-of-Non-Brokered-Private-Placement.html