HydroGraph Clean Power has announced an increase in its non-brokered private placement to CAD$3.5 million (around USD$2,475,000) from its previously announced offering on November 26, 2024, due to strong investor demand.
The proceeds will fund application development at the Graphene Engineering Innovation Center (GEIC), production upscaling, business development, and working capital.
The offering is expected to close around December 11th, 2024, subject to regulatory approvals. The company reserves the right to increase the offering size by up to 30% based on market conditions.
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Posted: Dec 06,2024 by Roni Peleg