GMG Announces $5 Million Bought Deal Unit Offering

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BRISBANE, Australia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”), is pleased to announce that it has entered into an agreement pursuant to which Eight Capital as lead underwriter and sole bookrunner, together with a syndicate of underwriters (collectively, the “Underwriters”), will purchase 1,819,000 units of the Company (the “Units”), on a “bought deal” basis pursuant to the filing of a short form prospectus, subject to all required regulatory approvals, at a price per Unit of $2.75 (the “Issue Price”) for gross proceeds of $5,002,250 (the “Offering”).