Carbonxt Group Ltd. (AU:CG1) has released an update.
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Carbonxt Group Ltd. successfully completed a $3.02 million share placement, issuing 46.4 million shares at a 9% discount to fund the construction of their new Activated Carbon production facility in Kentucky and for general working capital. The placement attracted strong interest from sophisticated and high-net-worth investors, with the new shares expected to begin trading in early October. This financial move underlines Carbonxt’s expansion and strengthening of its position in the US market for premium Activated Carbon products.
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