Argo Graphene Solutions upsizes private placement for STREAM™ commercialization

The upsized offering will now consist of up to 1,875,000 units at $0.80 per unit. Each unit comprises one common share and one transferable warrant, with each warrant exercisable at $1.00 per share for 12 months from issuance. The offering also carries an over-allotment option for up to an additional 375,000 units, for up to $300,000 in further gross proceeds, exercisable at the company’s discretion.

Argo Graphene Solutions, a Canadian graphene company developing a vertically integrated graphene refinery around its STREAM™ production platform, has increased the size of its previously announced non-brokered private placement from $1,000,000 to up to $1,500,000, citing strong investor demand.The upsized offering will now consist of up to 1,875,000 units at $0.80 per unit. Each unit comprises one common share and one transferable warrant, with each warrant exercisable at $1.00 per share for 12 months from issuance. The offering also carries an over-allotment option for up to an additional 375,000 units, for up to $300,000 in further gross proceeds, exercisable at the company’s discretion.

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