On October 11, 2024, Graphene Manufacturing Group Limited provided a quarterly update regarding its “at-the-market” equity program. This program, initiated on June 13, 2024, allows the company to issue and sell up to $20,000,000 of its ordinary shares on the TSX Venture Exchange through an equity distribution agreement with Cantor Fitzgerald Canada Corporation.
During the quarter ending on September 30, 2024, the company issued a total of 208,000 Ordinary Shares at an average price of C$0.6759 per share under the ATM Program, generating gross proceeds of C$140,580.70. Commissions of C$4,217.42 were paid to the Agent for facilitating these distributions.
GMG is a clean-technology company focused on providing energy-saving and energy storage solutions utilizing graphene, manufactured through its proprietary production process. The company’s current focus includes developing commercial scale-up capabilities, securing market applications, and collaborating with the University of Queensland on the development and commercialization of G+AI Batteries.
For further information, please refer to the company’s website at www.graphenemg.com.
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To view the original source of this press release, visit https://www.newsfilecorp.com/release/226368.
SOURCE: Graphene Manufacturing Group Ltd.
