Announces Upsize of Private Placement to $3.2M
Summary
The Units issued under the Offering, and the underlying securities, will be subject to certain resale restrictions such as a hold period of four months and a day from the closing date.Insiders may participate in the Offering and the participation of insiders will be considered a related party transaction subject to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101). For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/For company updates, please follow HydroGraph on LinkedIn and Twitter.The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.This release contains certain forward looking statements and certain forward-looking information as defined under applicable Canadian securities laws. Forward-looking statements and information include, but are not limited to: closing of the Offering; anticipated use of proceeds; expected closing date of the Offering; payment of finders fees; ability to obtain all necessary regulatory approvals; the statements in regards to existing and future products of the Company; the Companys plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of HydroGraph to control or predict, that may cause HydroGraphs actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: HydroGraphs ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks.