Graphene Manufacturing increases offering to $6-million

Executive Summary

• Graphene Manufacturing Group Ltd. has upsized its previously announced bought deal public offering from approximately $5 million to approximately $6 million in gross proceeds due to strong investor demand.
• The offering consists of 6,666,667 units priced at C$0.90 per unit, with Red Cloud Securities Inc. acting as the sole underwriter and bookrunner.
• Net proceeds will be used to finance continuing operations, including commercial development, product development, and working capital.

Key Details

• Gross Proceeds: Approximately C$6 million (upsized from C$5 million).
• Units Sold: 6,666,667 units.
• Price Per Unit: C$0.90.
• Underwriter: Red Cloud Securities Inc. (Sole underwriter and bookrunner).
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.35. Warrants are exercisable for 36 months after the closing date.
• Overallotment Option: The underwriter has an option to purchase up to 15% additional units (approx. 1,000,000 units) at the offering price to cover overallotments and for market stabilization, exercisable within 30 days of closing.
• Use of Proceeds: Financing continuing operations, including commercial development, product development, and working capital.
• Closing Date: Expected on or about September 3, 2025, subject to regulatory approvals (including TSX Venture Exchange listing approval).
• Regulatory Filings: A prospectus supplement will be filed with securities regulatory authorities in Canadian provinces/territories (except Quebec) and the offering will be sold in the US on a private placement basis.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.