- Saint Jean Carbon (SJL) has announced a C$2.5M private placement with Sixty Two Capital
- The company intends to use the proceeds for working capital and to further its battery technology development
- Sixty Two Capital is an Australian-based investment and corporate advisory group focused on emerging companies in mining, technology and the life sciences
- Saint Jean is a carbon science company focused on energy storage and green energy creation and re-creation
- Saint Jean Carbon (SJL) is down by 10.34 per cent trading at $0.13 per share
Saint Jean Carbon (SJL) has announced a $2.5M private placement with Sixty Two Capital.
It will issue 20,000,000 units priced at $0.125.
Each unit is comprised of one common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to purchase one additional share for $0.25 until January 31, 2024.
The company intends to use the proceeds for working capital and to further its battery technology development.
“We believe Saint Jean Carbon’s solid lithium battery development and graphite air-classification program will enable the company to establish itself as a leader in electrification technologies,” stated Sufian Ahmad, Director at Sixty Two Capital.
Sixty Two Capital is an Australian-based investment and corporate advisory group focused on emerging companies in mining, technology and the life sciences.
Saint Jean is a carbon science company focused on energy storage and green energy creation and re-creation.
Saint Jean Carbon (SJL) is down by 10.34 per cent trading at $0.13 per share as of 2:08 pm EST.