GMG completes oversubscribed Series C round ahead of planned Canadian listing

Graphene manufacturer and solutions provider Graphene Manufacturing Group has announced completion of a $3 million Series C raise, with just over $1.7 million from TSXV-listed capital pool company Cuspis Capital of Canada.

Financing of $1,726,025 in the oversubscribed round was from investment funds, through 138,082 shares at $12.50 per share.

“Completion of the transaction with Cuspis Capital Ltd to subsequently list GMG on the TSXV remains subject to a number of conditions, including but not limited to, the filing of disclosure documents, regulatory approval and shareholder approval,” GMG said on its website. 

The Brisbane-based company creates graphene nanoplatelets in powder or liquid form from a hydrocarbon feedstock, with claimed superiority in volumes and tailorability of their products through this approach.

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