HPQ Silicon Closes Equity Financing to Advance PUREVAP(TM) Testing and Commencement of Pilot Plant Equipment Build Out - Seite 2

Mr. Daryl Hodges, an Independent Director of HPQ-Silicon, through a wholly owned company, Ladykirk Capital Advisor Inc. has subscribed to 226,000 Units. Following the completion of the Private Placement, Mr. Hodges and Ladykirk Capital Advisor Inc., taken together, beneficially own or exercise control or direction over, directly or indirectly, 1,557,500 Common Shares, representing approximately 0.87% of the issued and outstanding Common Shares of the Company.

The participation of Mr. Hodges in the Private Placement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 -Protection of Minority Security Holders in Special Transactions of the Exchange. In connection with this related party transaction, the Company is relying on the formal valuation and minority approval exemptions of respectively subsection 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the portion of the Private Placement subscribed by Mr. Hodges, individually, does not exceed 25% of the Company's market capitalization. The Private Placement, including the participation of Mr. Hodges therein, has been approved by the Board of directors of the Company, with Mr. Hodges abstaining with respect to his participation

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About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed resource company planning to become a vertically integrated and diversified Metallurgical Grade and Solar Grade Silicon Metal producer.

Our business model is focused on developing a disruptive one step High Purity and Solar Grade Silicon Metal manufacturing process (patent pending). HPQ plans to generate high yield returns and significant free cash flow within a relatively short time line. The process will have a greatly decreased carbon footprint, energy footprint, and will eliminate the use of the toxic chemical reagents and by products now in use by the current solar silicon production technologies, which fundamentally date from designs made in the mid 1900's.