Hydrograph Clean Power Completes Oversubscribed $4.2 Million Financing To Accelerate Commercial Sales
Hydrograph Clean Power Completes Oversubscribed $4.2 Million Financing To Accelerate Commercial Sales
09/15/22, 11:34 AM
Location
vancouverMoney raised
$4.2 million
Industry
manufacturing
Round Type
seed
HydroGraph Clean Power Inc. (CSE: HG.CN) ("HydroGraph" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) of units of the Company (the “Units”), pursuant to which the Company issued 35,151,666 Units at a price of $0.12 per Unit, for aggregate gross proceeds of $4,218,199.96.
Company Info
Location
vancouver, british columbia, canada
Additional Info
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. We have leveraged our material performance, scalability and cost to build 10 metric tonnes of annual production capacity, with the ability to scale up production in just months using very low CAPEX, while engaged in numerous R&D projects and discussions with multiple potential partners and customers to supply our pristine graphene.