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After recently closing the first tranche of its private placement, Zen Graphene Solutions has now announced the closing of the second tranche. The Company raised total gross proceeds of CAD$2,049,999.80 (around USD$1.5 million) under the Offering×¥

According to Zen, the funds will be used for ongoing work on the Albany Graphite Project including graphene research and scale up, COVID-19 initiatives and other graphene applications development and for general corporate purposes.

Zen Graphene Solutions has announced the closing of the first tranche of its previously announced private placement of units.

The Company raised gross proceeds of CAD$1,077,294.80 (around USD $788,115) under the Offering, which will be used to fund ongoing work on the Albany Graphite Project including graphene research and scale up, COVID-19 initiatives and other graphene applications development and for general corporate purposes. A second tranche is expected to close shortly in line with previous interest received.

ZEN Graphene Solutions has announced it will be launching a new research collaboration with Prof. Mohammad Arjmand and his team at the University of British Columbia (UBC)‐Okanagan Campus, with a $200,000 Department of National Defence (DND) Innovation for Defense Excellence and Security (IDEaS) award.

ZEN will be providing in-kind contributions of Albany Pure materials and consultation with its technical team.The goal of this collaborative research project is to develop electrically conductive, molded and 3D printed graphene/polymer nanocomposites as more versatile replacements for metallic electromagnetic shields that are currently in use.

ZEN Graphene Solutions has announced an international collaboration with UK-based Graphene Composites to fight COVID-19 by developing a potential virucidal graphene-based composite ink that can be applied to fabrics including N95 face masks and other personal protective equipment (PPE) for significantly increased protection. Once the development, testing, and confirmation of the graphene ink's virucidal ability have been completed, the ink will then be incorporated into fabrics used for PPE.

Francis Dubé, CEO of ZEN commented, "We are pleased to be collaborating with GC and be on the forefront of a new innovative technology that could contribute to combating the deadly COVID-19 virus. The development of this potential COVID-19 virucidal graphene ink is coming at a crucial time to provide effective PPE supplies for the safety of frontline workers and hospital staff." Dr. Dubé continued, "The current N95 masks trap the virus but don't kill it. Our testing will demonstrate if the graphene ink is an effective virucide which would kill the virus as this could make a big difference to people's safety. We have been very impressed by the Graphene Composites team and look forward to continued collaborations."

ZEN Graphene Solutions has commenced scale-up and engineering studies on processes for the production of its Albany Pure Graphene products at the Company’s research and development facility in Guelph, Ontario, Canada.

The priority is to increase graphene production in anticipation of future demand as the Company launched graphene product sales in early March 2020. ZEN will also commission the recently purchased purification autoclave to commence the production of high-purity Albany graphene precursor material.

ZEN Graphene Solutions has announced that it plans to open its new pilot plant and research and development facility in Guelph, Canada on March 3, 2020.

Zen states that when the graphite purification pilot plant becomes operational, it will be capable of producing 99.8% high-purity graphite from the 86% flotation concentrate.

ZEN Graphene Solutions recently shared several updates. The first is that Zen has closed its recent private placement of flow-through common shares of the company and reports that it was oversubscribed. The company raised CAD$1.21 million (around USD$920,300) in respect of the offering, which will be used to finance the 2020 environmental baseline field program and community engagement work on the company's Albany graphite project.

In addition, the Company announced that it is moving forward with graphene production and anticipates that small-scale graphene related production will commence before the end of Q1 2020. The first batch of equipment for the purification small-scale pilot plant was already delivered. In the coming months, ZEN is aiming to setup small-scale graphite purification and graphene-related production facilities including Graphene Quantum Dots (GQDs) and Graphene Oxide (GO). These products will be available for research and development, application development and for commercial use.

ZEN Graphene Solutions has signed an agreement with Chemisar Laboratories to provide various consulting services which will include the use of 2,300 square feet of office and laboratory space in Guelph, Ontario starting October 1, 2019. This office will become the company’s new graphene research and development center which will include a small-scale graphene processing and production facility. Additional space is available in the building which will allow ZEN to grow as needed.

In the coming months, ZEN is aiming to setup small-scale graphite purification and graphene-related production facilities including Graphene Quantum Dots (GQD’s) and Graphene Oxide (GO). These products will be available for research and development, application development and for commercial use.

Zen Graphene Solutions has announced the closing of its previously announced private placement, that raised CAD$1,050,000 (almost USD$792,000).

This fund will be used to support ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.

Zen Graphene Solutions has announced a non-brokered private placement financing to raise approximately CAD$1.0 million (around USD$754,300).

Zen stated that the proceeds of the offering will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.