Graphene Manufacturing Group closes public offering
| Date | 17th, Aug 2023 |
|---|---|
| Source | Graphene Info - Scientific and Educational Websites |
DESCRIPTION
Graphene Manufacturing Group (GMG) has closed its previously announced offering of units. The Company reported gross proceeds of approximately CAD$3.45 million (around USD$2,549,000).
GMG said the net proceeds will be used primarily to strengthen its financial position and provide liquidity to finance ongoing operations, most notably for research and development.