HydroGraph Clean Power recently announced that it intends to complete a non-brokered private placement of units of the Company, for aggregate gross proceeds of up to CAD$1,600,000 (over USD$1,171,000).
Net proceeds from the Offering will be used for furthering commercialization via application development at the GEIC (Graphene Engineering Innovation Center) driven by customer interest, production upscaling, business development and general working capital purposes.
“HydroGraph’s commercial progress in just a few short months has been extremely promising. We would like to thank our shareholders for their ongoing support and look forward to furthering our application development activities in Manchester, which will drive revenue, and to furthering the capacity of our production facility,” commented Kjirstin Breure, President and interim Chief Executive Officer of HydroGraph.