Bullboard - Stock Discussion Forum Graphene Manufacturing Group Ltd V.GMG

Alternate Symbol(s): GMGMF | V.GMG.WT.A

Chemicals Chemicals

Graphene Manufacturing Group Limited is a clean-technology company. The Company seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. It has developed a proprietary production process to decompose natural gas (methane) into its elements, carbon (as graphene), hydrogen and some residual... see more

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TSXV:GMG - Post Discussion

Graphene Manufacturing Group Ltd > GMG.v raising $5M

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Post by StockHawk1 on Nov 16, 2022 4:36pm

GMG.v raising $5M

Graphene Manufacturing Group (GMG.v GMGMF) is raising $5M gross through a bought deal financing.

GMG is planning to expand its battery manufacturing and build its own independent energy source through solar panels.

Given this, I think this financing is well-timed as GMG needs to be well-cashed to achieve these goals.

GMG @ $3.07, MC $240.956M

https://graphenemg.com/gmg-announces-5-million-bought-deal-unit-offering/

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Comment by StockDoctor101 on Nov 17, 2022 12:22pm

Cashed up and ready to expand. Considering recent performance upgrades of GMG's batteries I agree that this move is timed well as we get closer to commercialization.

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