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    Home»Mining & Resources»Quarterly ATM Sales Update Provided by Graphene Manufacturing Group
    Mining & Resources

    Quarterly ATM Sales Update Provided by Graphene Manufacturing Group

    Alexander LeeBy Alexander LeeOctober 13, 2024Updated:October 13, 2024No Comments1 Min Read
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    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.

    Disclaimer: Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the accuracy or adequacy of this news release.

    To view the original source of this press release, visit https://www.newsfilecorp.com/release/226368.

    SOURCE: Graphene Manufacturing Group Ltd.

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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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