HydroGraph Announces Closing of its C$20M LIFE Offering

Executive Summary

• HydroGraph Clean Power Inc. closed its previously announced private placement, raising C$20,000,024 in gross proceeds.
• The offering consisted of 6,896,560 units priced at C$2.90 each; each unit includes one common share and half a warrant exercisable at C$3.50 for 36 months.
• Net proceeds will be used to develop production, research, and operating facilities in Texas, fund R&D initiatives, and support general corporate purposes.

Key Details

• Units Sold: 6,896,560 units (each = 1 common share + ½ warrant)
• Gross Proceeds: C$20,000,024
• Pricing: C$2.90 per unit
• Warrant Terms: Whole warrant exercisable at C$3.50 per share; 36‑month term; represents ~21 % premium to unit price
• Warrant Acceleration Provision: If the daily VWAP of HydroGraph’s common shares on the Canadian Securities Exchange reaches ≥ C$7.00 for ten consecutive trading days, the company may accelerate warrant expiry with ≥ 30 days’ notice via press release.
• Use of Funds: Development of production, research, and operating facilities at two Texas locations; additional R&D projects; general corporate purposes.
• Lead Agent & Compensation: Canaccord Genuity Corp. acted as sole bookrunner on a best‑efforts basis; cash commission 6 % of gross proceeds (reduced to 3 % for “president’s list” purchasers) plus broker warrants equal to 6 % of units sold (reduced to 3 % for the same group).
• Lock‑Up & Hold Period: Directors and senior management entered a voluntary four‑month lock‑up; no statutory hold period on securities issued under the LIFE exemption.
• Regulatory Notices: Units not registered in the United States; offering made pursuant to the “LIFE” exemption under NI 45‑106.

Notable Quotes

“This successful financing marks a pivotal moment for HydroGraph as we accelerate our growth strategy,” said Kjirstin Breure, CEO and President of HydroGraph. “The strong support from investors underscores confidence in our technology and vision. These funds will enable us to scale production, advance research, and strengthen our position as a leader in ultra‑pure graphene solutions.”