Zen Graphene Solutions completes non-brokered private placement

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