Graphene Manufacturing Group to raise $700,000 in a private placement

Australia-based Graphene Manufacturing Group (GMG) announced that it is set to raise $900,000 CDN (around $715,000 USD) in a private placement. The follows the company’s $10 million CDN public offering announced earlier this month, and represents the significant orders for the company’s shares in the earlier offering.

In June 2021 GMG published the latest updates on its coin cell graphene aluminum-ion battery. GMG went public in April 2021 and trades at the TSX Venture Exchange in Canada (ticker: GMG).

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Graphene investing and financials