HydroGraph Celebrates Successful Closing of $3.8M Funding Round

HydroGraph Closes Its Oversubscribed Private Placement

HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) has successfully announced the completion of its private placement funding initiative, totaling $3.8 million. This financing round requires attention as it highlights HydroGraph's growth trajectory and commitment towards advancing its innovative graphene production technology.

Details of the Fundraising Offering

The private placement resulted in the issuance of 23,930,003 units, priced at $0.16 each, making up a total gross revenue of $3,828,800. The additional capital will be dedicated to furthering commercial activities, particularly focusing on HydroGraph's unique graphene products. Key applications will be developed in collaboration with the Graphene Engineering Innovation Center (GEIC), alongside the establishment of crucial direct customer relationships.

Use of Proceeds

Net earnings from this offering are strategically earmarked for product application development, production scaling efforts, and general business growth initiatives. By leveraging these funds, HydroGraph aims to ensure its graphene technologies reach wider markets, establishing itself as a leader in the sustainable materials sector.

CEO's Vision

Kjirstin Breure, President and CEO of HydroGraph, expressed gratitude towards loyal investors like Haywood Securities Inc. and PowerOne Capital Markets Limited. She welcomed new shareholders into the fold, reinforcing the significance of their contributions during this pivotal moment. "I envision a sustainable future built on our graphene and look forward to advancing HydroGraph’s application development, scale up and commercialization initiatives as we head into the next year,” Breure noted.

Understanding the Offered Units

Each unit comprises one common share and a half share purchase warrant. The warrants allow holders to purchase additional shares for $0.24 within the next three years, significantly adding value to this investment opportunity.

Compensation to Finders

In connection with the fundraising, finders were compensated with a cash fee amounting to 7% of the proceeds. Additionally, HydroGraph has issued 1,113,350 finder warrants representing a similar percentage of the aggregate units sold through these finders. Each Finder Warrant gives the holder a pathway to acquire more shares, fostering robust relationships with brokers and enhancing the distribution of their offerings.

Future Implications for HydroGraph

All securities resultant from this funding round will have a prescribed hold period of four months plus a day from December 12, 2024. This structuring ensures compliance with regulations while also permitting the gradual introduction of new shares into the market.

HydroGraph's Commitment to Quality

HydroGraph Clean Power Inc. stands out as an innovative player within the graphene sector, continuously improving its production processes. The company is known for its use of cutting-edge technologies that yield pristine graphene through an explosion synthesis method, guaranteeing exceptional purity levels. HydroGraph's products adhere to rigorous quality standards and aim to set a benchmark in the industry.

Staying Connected with HydroGraph

To keep abreast of the dynamic developments within HydroGraph and its innovative projects, stakeholders can follow the company on professional networks such as LinkedIn and X. This engagement plays a crucial role in community-building and facilitates communication with both investors and customers.

Frequently Asked Questions

What was the total amount raised in HydroGraph's latest offering?

The latest offering raised a total gross amount of $3,828,800 through the issuance of units priced at $0.16 each.

How many units were sold in the private placement?

A total of 23,930,003 units were sold during the oversubscribed funding round.

What will the proceeds from the private placement be used for?

The proceeds will support application development for HydroGraph's graphene products and assist with business development and commercialization efforts.

How does HydroGraph ensure the quality of its graphene?

HydroGraph utilizes a unique explosion synthesis process, ensuring high purity and consistent product quality that meets recognized industry standards.

Who can be contacted for more information about HydroGraph?

For investor inquiries, Matt Kreps from Darrow Associates IR and Kjirstin Breure, President and CEO, can be contacted through provided email addresses.

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