After recently closing the first tranche of its private placement, Zen Graphene Solutions has now announced the closing of the second tranche. The Company raised total gross proceeds of CAD$2,049,999.80 (around USD$1.5 million) under the Offering×¥
According to Zen, the funds will be used for ongoing work on the Albany Graphite Project including graphene research and scale up, COVID-19 initiatives and other graphene applications development and for general corporate purposes.
Francis Dubé, CEO commented: With this private placement now completed, the company is in a strong financial position to accelerate the many research and development projects it has underway and explore new opportunities that are being considered.
Posted: Jul 08,2020 by Roni Peleg