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NanoXplore (TSXV:GRA) closes $30M bought deal offering

Materials
TSX:GRA
24 February 2022 09:00 (EDT)

NanoXplore (GRA) has closed its bought deal offering for aggregate gross proceeds of $30,001,200.

The company issued 6,522,00 common shares at a price of $4.60 per share.

The offering was conducted by a syndicate of underwriters co-led by National Bank Financial Inc. and Canaccord Genuity Corp., and which included Echelon Wealth Partners Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., Beacon Securities Limited, Cormark Securities Inc. and Paradigm Capital Inc. 

Net proceeds will be used for general corporate purposes.

NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets. NanoXplore is headquartered in Montreal with manufacturing facilities in Canada, the United States and Europe.

NanoXplore (GRA) opened trading at C$4.08 per share.

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