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.


The company expects the offering to close on or about May 7, 2024.

Posted: May 01,2024 by Roni Peleg