Graphene Manufacturing Group Ltd (TSE:GMG) has released an update.
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Graphene Manufacturing Group Ltd. has upscaled its offering to $3.024 million due to strong demand, issuing 7.2 million units at $0.42 each, with the possibility of an over-allotment option for additional purchases. The proceeds from this offering are intended to bolster the company’s financial position and support its research, development, and general corporate needs. The offering’s completion, anticipated around May 7, 2024, is contingent on regulatory approvals, including that of the TSX Venture Exchange.
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