Graphene Manufacturing Group Ltd (TSE:GMG) has released an update.
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Graphene Manufacturing Group Ltd. has initiated a marketed offering of company units, each comprising a common share and a warrant, with the goal of raising funds to bolster its financial position and support ongoing operations, particularly its research and development efforts. The offering terms, including the total size and warrant details, will be finalized based on market conditions, with PI Financial Corp. serving as the exclusive underwriter and bookrunner. The company also plans to offer an over-allotment option for additional units to manage over-allotments and market stabilization.
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