HydroGraph Secures Significant Capital Injection for Growth
HydroGraph Clean Power Inc. Raises $2.2 Million from Warrant Exercises
HydroGraph Clean Power Inc. (CSE: HG, OTCQB: HGCPF), a prominent player in the graphene manufacturing sector, is thrilled to announce a substantial fundraising milestone. The company has successfully raised over $2.2 million through the exercise of warrants, priced at CAD $0.20, as part of a strategic effort to ramp up production in response to increasing commercial demand for its products.
Annual General Meeting Outcomes
In a recent stakeholder meeting, HydroGraph reported positive outcomes from its Annual General Meeting (AGM) of Shareholders. The AGM highlighted significant shareholder engagement, with 77,487,808 shares represented by proxy, accounting for 30.18% of the company's issued and outstanding common shares. These results signify a robust involvement from shareholders and a commitment to the company's direction.
Director Elections
During the AGM, shareholders participated in the election of directors. The following individuals were selected:
- Kjirstin Breure: Received 76,468,808 votes (98.68% approval)
- David Williams: Garnered 64,256,583 votes (82.92% approval)
- David Morris: Achieved 76,612,208 votes (98.87% approval)
- Paul Cox: Obtained 64,260,583 votes (82.93% approval)
These results demonstrate a strong support network for the leadership team steering HydroGraph towards further innovation and expansion.
Plans for Future Growth
Following the AGM, HydroGraph also approved the appointment of MNP LLP as its auditor for the upcoming year and authorized the management board to set the auditor's remuneration, aligning its governance structure with best practices. Additionally, the stock option plan received overwhelming approval, reinforcing the company’s long-term strategy for talent retention and growth.
About HydroGraph Clean Power Inc.
HydroGraph Clean Power Inc. stands out in the industry as a leading manufacturer of pristine graphene. Utilizing a proprietary “explosion synthesis” process, the company ensures exceptional purity and energy efficiency while achieving consistent batch quality. This innovative approach to graphene production allows HydroGraph to meet the strict standards set by the Graphene Council’s Verified Graphene Producer® accreditation, which is a hallmark of quality in the material science sector.
Company Vision and Future Directions
With an eye on the future, HydroGraph continues to focus on expanding its production capabilities and enhancing its market presence. The recent $2.2 million capital injection will enable further investments in technology and infrastructure, ensuring that the company remains at the forefront of the graphene industry. This aligns with growing global interest in graphene's applications, which span a wide variety of industries, including electronics, materials science, energy storage, and more.
Frequently Asked Questions
What is HydroGraph Clean Power Inc. known for?
HydroGraph Clean Power Inc. is recognized for producing high-purity graphene using an innovative explosion synthesis process, making it a leader in the graphene manufacturing industry.
How much capital has HydroGraph recently raised?
The company has successfully raised over $2.2 million through the exercise of warrants, aimed at enhancing its production capabilities.
What were the outcomes of the latest AGM?
During the AGM, significant shareholder engagement was noted, along with the election of directors and approval of the auditor appointment and stock option plan.
Who were the newly elected directors at the AGM?
The newly elected directors include Kjirstin Breure, David Williams, David Morris, and Paul Cox, all of whom received substantial support from shareholders.
What future plans does HydroGraph have?
HydroGraph aims to leverage the recent capital infusion to accelerate production and invest in technology, positioning itself as a leader in graphene applications across various industries.
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