Graphene Manufacturing Group Announces Pricing of Marketed Unit Offering
Summary
The Over-Allotment Option is exercisable to acquire Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the Underwriter.The net proceeds of the Offering are expected to be used primarily to strengthen the Companys financial position and provide liquidity to finance ongoing operations, including, in particular, the Companys expenses incurred, and expected to be incurred, in connection with the Companys research and development objectives, and for working capital and general corporate purposes.The closing of the Offering is expected to occur on or about May 7, 2024 (the Closing Date) and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the TSXV).Access to the Base Shelf Prospectus, the Supplement, and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Supplement will be, accessible on SEDAR+ at www.sedarplus.ca.An electronic or paper copy of the Base Shelf Prospectus, the Supplement (when filed), and any amendment to the documents may be obtained, without charge, from PI Financial Corp, 3401 40 King St Street, Toronto, ON, Canada, M5H 3Y2, by email to syndication@pifinancial.com attention: PI Syndication and by providing the contact with an email address or address, as applicable. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, tuneable and low/no contaminant graphene suitable for use in clean-technology and other applications.The Companys present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (HVAC-R) coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (G+AI Batteries).For further information please contact: None Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws.