Graphene Manufacturing Group (GMG) has announced a "bought deal" placement for gross proceeds of AUD$5,002,250 (around USD$3,250,000). Eight Capital will serve as lead underwriter and sole bookrunner, together with a syndicate of underwriters.
The Company intends to use the net proceeds of the offering for growth initiatives, working capital and general corporate purposes.
The closing date of the Offering is scheduled to be on or about November 29, 2022 and is subject to certain conditions including the receipt of all necessary approvals.
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Posted: Nov 09,2022 by Roni Peleg