HydroGraph - HydroGraph's Hyperion detonation chamber for graphene production.
HydroGraph's Hyperion detonation chamber for graphene production.
Source: HydroGraph.
  • HydroGraph (HG) is undertaking a $2 million non-brokered private placement
  • The company will use net proceeds to further advance customer ‎engagement and product acceptance, including extending its graphene ‎product and application portfolio
  • The offering is expected to close on or about April 7, 2023
  • HydroGraph funds and commercializes green processes to manufacture graphene and other strategic materials in bulk
  • HydroGraph Clean Power (HG) last traded at $0.135 per share

HydroGraph (HG) is undertaking a $2 million non-brokered private placement.

The company will use net proceeds to further advance customer ‎engagement and product acceptance, including extending its graphene ‎product and application portfolio.‎

It will issue units priced at $0.12 each.

Each unit consists of one common share and one-half of one common share purchase warrant.

Each warrant entitles the holder to purchase one common share for $0.20 for 24 months after the offering’s closing date. The warrants are subject to acceleration, with 30 days’ notice, if on any ten consecutive trading days the daily volume weighted average trading price of the shares is $0.30 or greater.

The offering is expected to close on or about April 7, 2023, and is open to Canadian residents, except Quebec, under the Listed Issuer Financing Exemption, which entails no holding period for purchased securities.

HydroGraph funds and commercializes green processes to manufacture graphene and other strategic materials in bulk.

HydroGraph Clean Power (HG) last traded at $0.135 per share.


More From The Market Online

Crypto stock Bitfarms adds upside to rising Bitcoin price

Bitfarms reaches a hashrate of 7 exahash per second after installing over 5,000 Bitmain T21 miners in Quebec.

Buzz on the Bullboards: Looking for volatility-proof stocks?

Investors saw developments in Canadian and U.S. stock markets, with attention on decisions made by central banks and moves in key sectors.