Zen Graphene Solutions announces non-brokered private placement

ZEN Graphene Solutions has announced a non-brokered private placement, for gross proceeds of up to CAD$2,000,000 (around USD$1.59 million).

The proceeds of this offering will be used for capital expenditures in the scale up of the production of ZEN's biocidal coating material, operating expenses at both Guelph locations, capital expenditures at the York Rd, Guelph manufacturing facility, graphene research and for general working capital.