- 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.