Graphene Manufacturing Group Provides Quarterly ATM Sales Update
Graphene Manufacturing Group (TSXV: GMG) has provided a quarterly update on its "at-the-market" (ATM) equity program. The program, launched on June 13, 2024, allows GMG to issue and sell up to $20,000,000 of its ordinary shares from treasury to the public. During the quarter ended September 30, 2024, the company issued 208,000 Ordinary Shares on the TSX Venture Exchange at an average price of C$0.6759 per share, generating gross proceeds of C$140,580.70. Commissions of C$4,217.42 were paid to Cantor Fitzgerald Canada , the agent for the ATM Program. The equity distribution agreement between GMG and the agent facilitates these transactions at the company's discretion.
Graphene Manufacturing Group (TSXV: GMG) ha fornito un aggiornamento trimestrale sul suo programma di equity "at-the-market" (ATM). Il programma, lanciato il 13 giugno 2024, consente a GMG di emettere e vendere fino a $20.000.000 delle proprie azioni ordinarie dal tesoro al pubblico. Durante il trimestre conclusosi il 30 settembre 2024, l'azienda ha emesso 208.000 azioni ordinarie sulla TSX Venture Exchange a un prezzo medio di C$0,6759 per azione, generando proventi lordi di C$140.580,70. Commissioni di C$4.217,42 sono state pagate a Cantor Fitzgerald Canada, l'agente per il programma ATM. L'accordo di distribuzione di equity tra GMG e l'agente facilita queste transazioni a discrezione dell'azienda.
Graphene Manufacturing Group (TSXV: GMG) ha proporcionado una actualización trimestral sobre su programa de equity "at-the-market" (ATM). El programa, lanzado el 13 de junio de 2024, permite a GMG emitir y vender hasta $20,000,000 de sus acciones ordinarias del tesoro al público. Durante el trimestre que finalizó el 30 de septiembre de 2024, la empresa emitió 208,000 acciones ordinarias en la TSX Venture Exchange a un precio promedio de C$0.6759 por acción, generando ingresos brutos de C$140,580.70. Se pagaron comisiones de C$4,217.42 a Cantor Fitzgerald Canada, el agente del programa ATM. El acuerdo de distribución de acciones entre GMG y el agente facilita estas transacciones a la discreción de la empresa.
그래핀 제조 그룹 (TSXV: GMG)는 "시장 내" (ATM) 자본 프로그램에 대한 분기 업데이트를 제공했습니다. 2024년 6월 13일에 시작된 이 프로그램은 GMG가 재무부에서 최대 20,000,000달러의 보통주를 대중에게 발행하고 판매할 수 있게 해 줍니다. 2024년 9월 30일로 종료된 분기 동안, 회사는 TSX 벤처 거래소에서 평균 C$0.6759 주당 208,000주를 발행하여 C$140,580.70의 총 수익을 생성했습니다. ATM 프로그램의 중개인인 Cantor Fitzgerald Canada에 C$4,217.42의 수수료가 지급되었습니다. GMG와 중개인 간의 주식 분배 계약은 회사의 재량에 따라 이러한 거래를 용이하게 합니다.
Graphene Manufacturing Group (TSXV: GMG) a fourni une mise à jour trimestrielle sur son programme d'équité "at-the-market" (ATM). Le programme, lancé le 13 juin 2024, permet à GMG d'émettre et de vendre jusqu'à 20 000 000 $ de ses actions ordinaires de trésorerie au public. Au cours du trimestre se terminant le 30 septembre 2024, la société a émis 208 000 actions ordinaires sur le TSX Venture Exchange à un prix moyen de C$0,6759 par action, générant un produit brut de C$140 580,70. Des commissions de C$4 217,42 ont été versées à Cantor Fitzgerald Canada, l'agent du programme ATM. L'accord de distribution d'équité entre GMG et l'agent facilite ces transactions à la discrétion de l'entreprise.
Graphene Manufacturing Group (TSXV: GMG) hat ein vierteljährliches Update zu seinem "at-the-market" (ATM) Aktienprogramm bereitgestellt. Das Programm, das am 13. Juni 2024 gestartet wurde, ermöglicht es GMG, bis zu 20.000.000 USD seiner Stammaktien aus dem Eigenbestand an die Öffentlichkeit zu verkaufen. Im Zeitraum bis zum 30. September 2024 hat das Unternehmen 208.000 Stammaktien an der TSX Venture Exchange zu einem Durchschnittspreis von C$0,6759 pro Aktie ausgegeben, was bruttoeinnahmen von C$140.580,70 generiert hat. Provisionen in Höhe von C$4.217,42 wurden an Cantor Fitzgerald Canada, den Agenten für das ATM-Programm, gezahlt. Die Aktienvertriebsvereinbarung zwischen GMG und dem Agenten erleichtert diese Transaktionen nach Ermessen des Unternehmens.
- Generated C$140,580.70 in gross proceeds from share issuance
- Successfully utilized the ATM Program to raise capital
- Potential dilution of existing shareholders due to new share issuance
Brisbane, Queensland, Australia--(Newsfile Corp. - October 11, 2024) - Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") provides a quarterly update with respect to the Company's previously announced "at-the-market" equity program (the "ATM Program") launched on June 13, 2024. The ATM Program allows the Company to issue and sell, from time to time, up to
During the quarterly period ended September 30, 2024, the Company issued a total of 208,000 Ordinary Shares on the TSX Venture Exchange (the "TSXV") at an average price of C
For further details on the ATM Program, see the Company's news release dated June 14, 2024.
About GMG www.graphenemg.com
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.
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 Company's 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 paint), 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 G+AI Batteries.
For further information please contact:
- Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226368
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