NanoXplore recently announced that it has entered into an agreement with Echelon Wealth Partners to raise, on a bought deal private placement basis, approximately CAD$25,000,000 (around USD$17.6).
The Company intends to use the net proceeds of this raise to support sales and marketing of graphene, research initiatives particularly related to the use of graphene in Li-Ion batteries, U.S. expansion, working capital and general corporate purposes.
This substantial fund raise follows a former raise of $30,988,240 CAD (around $23.3 million USD) announced in January 2019.
Source:
Posted: Mar 22,2020 by Roni Peleg