HydroGraph Clean Power, a commercial manufacturer of graphene and other nanomaterials, has announced a non-brokered private placement of units of the Company for aggregate gross proceeds of up to $2,000,000.
Net proceeds from the offering will be used for application development, business development and general working capital purposes.
"This is an exciting stage of growth we are entering, expanding our application development activities and growing HydroGraph’s customer pipeline. Financing commitments by new investors, such as UAE-based Gulf Cryo LLC, a major industrial gas supplier, and management will support these key developments and allow us to take advantage of the graphene market opportunity ahead of us,” commented Bob Wowk, Chief Financial Officer of HydroGraph.