Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) has secured an fairness distribution settlement permitting it to lift as much as C$20 million by means of the sale of unusual shares, primarily to fund ongoing operations and growth initiatives. Below the phrases of the settlement, GMG has the discretion to promote unusual shares by means of the Agent, Cantor Fitzgerald, with proceeds as much as C$20 million.
Gross sales can be performed by means of market distributions on the TSX Enterprise Trade or different eligible Canadian buying and selling markets.
Proceeds from the ATM Facility will assist GMG’s ongoing operations, together with industrial and product growth, in addition to working capital wants. GMG focuses on clear expertise, leveraging proprietary processes to provide high-quality graphene from pure gasoline. Present efforts are centered on scaling manufacturing, securing market purposes, and advancing graphene-enhanced HVAC-R coatings, lubricants, fluids, and graphene aluminium-ion batteries in collaboration with the College of Queensland and the Australian Authorities.
The settlement stays efficient till both C$20 million of unusual shares have been issued and bought or February 10, 2025, topic to earlier termination by GMG or the agent.
