Graphene 3D Lab announced the initiation of a non-brokered private placement of up to 3,400,000 units to raise up to CND$850,000 in gross proceeds (around $619,000 USD). Each Unit will consist of one common share and one non-transferable share purchase warrant.
The company stated that proceeds of this financing will be used primarily for expansion of its business and for general working capital purposes.
In December 2015, G3L announced that it has signed a research, development and royalty agreement with a Fortune 500 manufacturer, and in August 2015, the company announced that it will be acquiring all of the issued and outstanding shares of Graphene Laboratories, its former parent company.
Posted: Dec 14,2015 by Roni Peleg
