Graphene Manufacturing Group Ltd (TSE:GMG) has released an update.
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Graphene Manufacturing Group Ltd. has successfully closed a marketed public offering, raising approximately C$3.47 million through the sale of over 8 million units, each comprising a share and a purchase warrant. The funds are earmarked for bolstering the company’s financial position, supporting ongoing operations, and fueling research and development efforts. The offering was completed with Ventum Financial Corp. as the underwriter and includes a cash commission and compensation warrants for the underwriter.
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