NanoXplore announces CAD$40,000,000 bought deal public offering

NanoXplore recently announced that it has entered into an agreement with a syndicate of underwriters co-led by Echelon Wealth Partners and National Bank Financial to raise, on a bought deal public offering basis, approximately CAD$40 million (around USD$31.4 million).

The Company intends to use the net proceeds for battery initiatives, debt reduction, sales and marketing of graphene and for general corporate purposes.

In March 2020, NanoXplore announced that it 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).

Both aforementioned fund raises follow a former raise of $30,988,240 CAD (around $23.3 million USD) announced in January 2019.

Posted: Jan 26,2021 by Roni Peleg