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TORONTO, April 10, 2018 (GLOBE NEWSWIRE) -- EEStor Corporation (“EEStor” or the "Company") (TSX-V:ESU) announced today that it has slighly increased the size of its previously announced private placement of units to accommodate oversubscriptions. The size of the placement was originally a maximum of C$2.0 million and will now be increased to C$2,039,400. A first tranche of C$1,216,500 was completed on March 16, 2018 and the balance of C$822,900 is expected to be completed shortly. Each unit is priced at C$0.30 and consists of one common share and one common share purchase warrant.  Each common share purchase warrant entitles the holder to acquire one additional common share at a price of C$0.45 for a period of 24 months from the closing date of the offering. 

About EEStor Corporation

EEStor Corporation's mission is to be the provider of leading edge electrical energy storage and related technologies. EEStor operates on the principle and belief that a fundamental breakthrough in energy storage will be the catalyst for positive environmental and economic change globally. EEStor’s current business strategy is focused on licensing opportunities across a broad spectrum of industries and applications building on its recent technology achievements related to solid-state, high energy density capacitors.

The Company’s success depends on the commercialization of its technology.  There is no assurance that EEStor will be successful in the completion of the various enhancement phases underway to warrant the anticipated licensing opportunities in the technology. Readers are directed to the "Risk Factors" disclosed in the Company’s public filings.

For additional information please contact:

Ian Clifford
Chief Executive Officer
EEStor Corporation
Tel. 416-535-8395 ext. 3
ian.clifford@eestorcorp.com 

Mark Olson
Senior Vice President
Sparkpr
Tel. 512-507-1993
mark.olson@sparkpr.com
           
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