HydroGraph Announces Closing of its C$30 Million LIFE Offering

Core Viewpoint - HydroGraph Clean Power Inc. successfully closed a private placement offering, raising C$29,999,974.80 to support its growth strategy and expansion efforts in the graphene industry [1][5]. Offering Details - The offering consisted of 5,882,348 units priced at C$5.10 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$6.10 for 36 months following the closing date [2][6]. - The offering was conducted by Canaccord Genuity Corp. as the lead agent, with a cash commission of 6.0% on gross proceeds [5][6]. Warrant Acceleration Provision - The company may accelerate the expiry date of the warrants if the daily volume-weighted average trading price of its common shares exceeds C$12.20 for ten consecutive trading days, with a 30-day notice to warrant holders [3][7]. Use of Funds - Proceeds from the offering will be allocated to establishing a new headquarters in Texas, developing a second graphene production facility, expanding marketing initiatives, supporting R&D programs, and strengthening the company's intellectual property portfolio [4][5]. Company Overview - HydroGraph Clean Power Inc. specializes in producing ultra-pure graphene through a patented explosion synthesis process, recognized for its superior purity and energy efficiency [10].