HydroGraph Announces Closing of its C$30 Million LIFE Offering

Executive Summary

• HydroGraph Clean Power Inc. closed a best‑efforts, fully marketed brokered private placement raising C$29,999,974.80.
• The offering consisted of 5,882,348 units at C$5.10 per unit, each unit containing one common share and half of a warrant (exercise price C$6.10, 36‑month term).
• Net proceeds will fund the new Texas headquarters, a second graphene production facility in Texas, marketing & sales expansion, R&D, IP portfolio growth, strategic partnerships, and general working capital.

Key Details

• Units Sold: 5,882,348
• Gross Proceeds: C$29,999,974.80
• Pricing: C$5.10 per unit (≈ C$6.10 warrant exercise price = ~20% premium)
• Warrant Terms: One‑half warrant per unit; exercisable at C$6.10 for 36 months from closing; acceleration clause if C$12.20 share price sustained for ten consecutive trading days.
• Lead Agent & Compensation: Canaccord Genuity Corp., sole bookrunner; cash commission = 6% of gross proceeds (reduced to 3% for “president’s list” purchases) plus broker warrants equal to 6% of units sold (reduced to 3% for president’s list). Broker warrants exercisable at C$5.63 for 36 months.
• Use of Funds:
• Establish & staff Texas headquarters
• Advance second graphene production facility in Texas
• Expand marketing and sales initiatives
• Support ongoing R&D programs
• Strengthen IP portfolio & strategic partnerships
• General working capital needs
• Lock‑Up / Hold Periods: Directors & senior officers entered voluntary four‑month lock‑up; securities issued under the exemption have no statutory hold period; other securities subject to a four‑month‑plus‑one‑day hold.
• Regulatory Notices: Units and warrants not registered in the U.S.; sales to U.S. persons only via applicable exemptions.

Notable Quotes

“This financing represents an important milestone for HydroGraph as we continue to accelerate our growth strategy,” – Kjirstin Breure, CEO & President
“The strong investor support reflects confidence in our technology and long‑term vision.” – Kjirstin Breure