Graphene Manufacturing Group announces upsize of offering
Graphene Manufacturing Group (GMG) has reported that due to higher demand, its previously announced marketed offering has been increased from AUD$2 million (around USD$1,295,000) to AUD$3.024 million (about USD$1,960,000).
The proceeds of the offering will be used to strengthen GMG’s financial position and provide liquidity to its ongoing operations, including expenses related to its research and development objectives.