Business

Graphene Manufacturing Group to Raise $8 Million

331views 0

Share it!

BUSINESS

Graphene Manufacturing Group to Raise $8 Million

331views 0

Share it!

The Australian Graphene Manufacturing Group (GMG) has recently announced its plans to perform an overnight marketed public offering of units of the company, with gross proceeds of up to CDN$10 million, or the equivalent of around USD$8 million.

GMG has stated that proceeds of the public offering will be put towards the development of a commercial coin cell graphene aluminum-ion battery prototype, front end design and commerce building of a battery manufacturing facility and towards working capital and general corporate purposes.

Photo by Blogging Guide on Unsplash

Alvin Leslie

Graphene-enhanced Pools Announced by Aquatic Leisure Technologies

Haydale Files Joint Patent With Airbus

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>