HydroGraph Clean Power has announced that it intends to complete a non-brokered private placement of units of the Company, at a price of $0.16 per Unit, for aggregate gross proceeds of up to CAD$2,000,000 (around USD$1,400,000).
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.
“Building off our strong commercial traction across multiple industries this investment will expedite the adoption of graphene solutions, driving value for our customers and stakeholders alike.” said CEO Kjirstin Breure, “The momentum we have generated this year alone serves as a very positive indication that we are nearing an inflection point which will further drive our commercial efforts.”
