HydroGraph Announces $2 Million Private Placement
HydroGraph Clean Power Inc (CSE: HG, OTCQB: HGRAF) has announced a non-brokered private placement offering to raise up to $2 million through the sale of units at $0.16 each. Each unit includes one common share and half of a warrant, with each full warrant exercisable at $0.24 for 36 months. The company may increase the offering size by up to 30%.
The proceeds will support commercialization efforts at the Graphene Engineering Innovation Center, production upscaling, business development, and working capital. The offering is expected to close around December 6th, 2024, subject to regulatory approvals. A four-month hold period will apply to the securities.
HydroGraph Clean Power Inc (CSE: HG, OTCQB: HGRAF) ha annunciato un'offerta di collocamento privato non mediata per raccogliere fino a 2 milioni di dollari attraverso la vendita di unità a 0,16 dollari ciascuna. Ogni unità include un'azione comune e mezza warrant, con ogni warrant completo esercitabile a 0,24 dollari per un periodo di 36 mesi. L'azienda potrebbe aumentare la dimensione dell'offerta fino al 30%.
I proventi supporteranno gli sforzi di commercializzazione presso il Graphene Engineering Innovation Center, l'ampliamento della produzione, lo sviluppo commerciale e il capitale operativo. Si prevede che l'offerta si chiuda intorno al 6 dicembre 2024, soggetta ad approvazioni regolatorie. Si applicherà un periodo di blocco di quattro mesi ai titoli.
HydroGraph Clean Power Inc (CSE: HG, OTCQB: HGRAF) ha anunciado una oferta de colocación privada no mediada para recaudar hasta 2 millones de dólares a través de la venta de unidades a 0,16 dólares cada una. Cada unidad incluye una acción ordinaria y media garantía, con cada garantía completa que se puede ejercer a 0,24 dólares durante 36 meses. La compañía podría aumentar el tamaño de la oferta hasta un 30%.
Los ingresos apoyarán los esfuerzos de comercialización en el Graphene Engineering Innovation Center, la ampliación de la producción, el desarrollo comercial y el capital de trabajo. Se espera que la oferta cierre alrededor del 6 de diciembre de 2024, sujeta a aprobaciones regulatorias. Se aplicará un período de retención de cuatro meses a los valores.
HydroGraph Clean Power Inc (CSE: HG, OTCQB: HGRAF)는 각 유닛을 0.16달러에 판매하여 200만 달러를 모집하기 위한 비중개 사모 배정 제안을 발표했습니다. 각 유닛은 한 주식과 반 개의 워런트가 포함되어 있으며, 전체 워런트는 36개월 동안 0.24달러에 행사할 수 있습니다. 회사는 제공 규모를 최대 30%까지 늘릴 수 있습니다.
모집된 자금은 그래핀 엔지니어링 혁신 센터에서의 상용화 노력, 생산 확대, 사업 개발 및 운영 자본을 지원하는 데 사용될 것입니다. 이 제공은 2024년 12월 6일경에 마감될 예정이며, 규제 승인을 받아야 합니다. 증권에는 4개월의 보유 기간이 적용됩니다.
HydroGraph Clean Power Inc (CSE: HG, OTCQB: HGRAF) a annoncé une offre de placement privé non médiée visant à lever jusqu'à 2 millions de dollars par la vente d'unités à 0,16 dollar chacune. Chaque unité comprend une action ordinaire et une demi-option, chaque option complète pouvant être exercée à 0,24 dollar pendant 36 mois. L'entreprise peut augmenter la taille de l'offre jusqu'à 30%.
Les fonds serviront à soutenir les efforts de commercialisation au Graphene Engineering Innovation Center, à l'expansion de la production, au développement commercial et au fonds de roulement. La clôture de l'offre est prévue autour du 6 décembre 2024, sous réserve des approbations réglementaires. Une période de blocage de quatre mois s'appliquera aux titres.
HydroGraph Clean Power Inc (CSE: HG, OTCQB: HGRAF) hat ein nicht vermittelte Privatplatzierung angekündigt, um bis zu 2 Millionen Dollar durch den Verkauf von Einheiten zu je 0,16 Dollar zu sammeln. Jede Einheit umfasst eine Stammaktie und die Hälfte eines Warrants, wobei jeder vollständige Warrant für 36 Monate zu 0,24 Dollar ausgeübt werden kann. Das Unternehmen kann die Angebotsgröße um bis zu 30% erhöhen.
Die Erlöse werden die Kommerzialisierungsbemühungen im Graphene Engineering Innovation Center, die Produktionssteigerung, die Geschäftsentwicklung und das Betriebsvermögen unterstützen. Es wird erwartet, dass das Angebot rund um den 6. Dezember 2024 abgeschlossen wird, vorbehaltlich behördlicher Genehmigungen. Eine Haltefrist von vier Monaten gilt für die Wertpapiere.
- Potential to raise up to $2 million in new capital
- Option to increase offering size by 30%
- Funds allocated for production upscaling and commercialization
- Potential dilution for existing shareholders through new share issuance
- Warrants could lead to additional future dilution if exercised
Not for distribution to U.S. newswire services or dissemination in the United States.
All dollar amounts are in Canadian dollars unless otherwise indicated.
VANCOUVER, British Columbia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (the “Company” or “HydroGraph”), a commercial manufacturer of high-quality graphene and other nanomaterials, is pleased to announce that it intends to complete a non-brokered private placement of units of the Company (the “Units”), at a price of
Each Unit will consist of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (each a “Warrant Share”) at a price of
“Building off our strong commercial traction across multiple industries this investment will expedite the adoption of graphene solutions, driving value for our customers and stakeholders alike.” said CEO Kjirstin Breure, “The momentum we have generated this year alone serves as a very positive indication that we are nearing an inflection point which will further drive our commercial efforts.”
Net proceeds from the Offering will be used for furthering commercialization via application development at the GEIC (Graphene Engineering Innovation Center) driven by customer interest, production upscaling, business development and general working capital purposes. The Company may pay certain finders a fee in connection with the sale of Units to purchasers introduced to the Company by such finders. The Company reserves the right to increase the size of the Offering by up to
The Offering is expected to close on or about December 6th, 2024, or in any other date or dates as the Company may determine. Closing of the Offering is subject to receipt of all regulatory approvals. 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”). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by insiders will not exceed
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About HydroGraph
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of Hydrograph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. 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.
HydroGraph Investor Relations
Matt Kreps
Darrow Associates
mkreps@darrowir.com
Kjirstin Breure, President and CEO
kjirstin.breure@hydrograph.com
480-267-2556
HydroGraph Media Contact
Raven Carpenter
hydrograph@fox.agency
Forward-Looking Statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology. 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 finder’s fees; ability to obtain all necessary regulatory approvals; the statements in regard to existing and future products of the Company; the Company’s 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 HydroGraph’s 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: HydroGraph’s 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. HydroGraph does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
FAQ
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