Graphene 3D Lab to raise $500,000 in a private placement

Graphene 3D Lab announced it is set to raise $500,000 USD in a new private placement of shares and warrants. This follows the company $600,000 private placement done in July 2016.

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.

Graphene 3D Lab also recently announced that it will be selling a new single-layer graphene oxide material and introduced a new class of graphene materials with exceptional oil absorbance properties.

Posted: Sep 20,2016 by Ron Mertens