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Carbonxt Group Ltd. ( (AU:CG1) ) has shared an announcement.
Carbonxt Group Ltd has secured additional funding from major shareholder Phelbe Pty Ltd through Convertible Notes and a placement of fully paid ordinary shares, raising $600,000. The funds will be used for working capital and to increase Carbonxt’s ownership in New Carbon Processing, LLC to 45.9%. This financial maneuver aims to bolster the company’s operational capacity and strengthen its market position in the cleantech industry.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd (ASX:CG1) is a cleantech company that develops and markets specialized Activated Carbon products aimed at capturing contaminants in industrial processes that emit significant pollutants. The company produces Powdered Activated Carbon and Activated Carbon pellets for industrial air purification, wastewater treatment, and other liquid and gas phase markets.
Average Trading Volume: 188,635
Technical Sentiment Signal: Buy
Current Market Cap: A$37.26M
For an in-depth examination of CG1 stock, go to TipRanks’ Overview page.