Graphene 3D Lab announced that it has arranged a non-brokered private placement of up to 3,766,600 units at a price of $0.16 per Unit to raise aggregate gross proceeds of up to $602,656.
The net proceeds of the offering will be used for the Company’s general working capital requirements.
In April 2016, Graphene 3D Lab announced that it has been approved to move forward with the next task of its research, development and royalty agreement with a Fortune 500 listed manufacturer. In May 2016, Graphene 3D Lab announced its financial results for Q1 2016. Revenues increased to $265,271 - up 354% from last quarter's revenues of $58,369.