Graphene Manufacturing Group Ltd. Announces Bought Public Offering of Units for Gross Proceeds of C$5 Million

Core Viewpoint - Graphene Manufacturing Group Ltd. has announced a bought public offering of units for gross proceeds of approximately C$5 million, with the offering expected to close around September 3, 2025 [1][7]. Offering Details - The offering consists of 5,555,556 units priced at C$0.90 per unit, each unit comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at a price of C$1.35 within 36 months after the closing date [2]. - The underwriter has an over-allotment option to purchase additional units up to 15% of the units sold to cover over-allotments [3]. Use of Proceeds - The net proceeds from the offering will be utilized for ongoing operations, including commercial development, product development, and working capital [4]. Regulatory and Filing Information - The company plans to file a prospectus supplement with Canadian securities regulatory authorities and may also sell units in the U.S. on a private placement basis [5][6]. - The offering is subject to necessary regulatory approvals, including the approval of the TSX Venture Exchange [7]. Company Overview - Graphene Manufacturing Group Ltd. is an Australian clean-technology company focused on developing energy-saving and energy storage solutions using graphene produced through an in-house process [10]. - The company aims to de-risk and develop commercial scale-up capabilities while securing market applications for its products [11].