NanoXplore announces bought deal private placement of US$18 million

NanoXplore has announced a bought deal private placement for gross proceeds of CA$25,000,080 (almost US$18 million).

The net proceeds will be used to support future growth by investing in dry graphene expansion, and for general corporate and working capital purposes.

Earlier this month, NanoXplore announced that it received a contribution of up to CA$2.75 million (around US$1,920,000) from the Government of Canada under the Energy Innovation Program (EIP).