Zentek (formerly called Zen Graphene Solutions) has announced that it has entered into an agreement to raise CAD$20 million (around USD$15,928,000).

In addition, the Company intends to complete a concurrent non-brokered private placement for gross proceeds of approximately CAD$12.5 million (around USD$9,954,000).

The net proceeds from the Offerings will be used for capital expenses, research and development, acceleration of business growth opportunities and working capital.

Closing of the Offerings is expected to occur on or about December 8, 2021 and is subject to regulatory approval, including that of the TSX Venture Exchange.



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