The net proceeds from the Placement will be used to support and expand our business development activities to take advantage of the high global interest in technologies such as the Hazer Process, to enhance our ongoing research and development programs, particularly with respect to applications for our graphite advanced carbon material, and general working capital.
Tim Goldsmith, Chairman of Hazer, commented: “We are delighted to have secured the support of new institutional and sophisticated investors, as well as the ongoing support of existing shareholders. We have an exciting program of activities ahead for the Company in 2021 and 2022 with the completion of the Hazer Commercial Demonstration Project (CDP) in Q1 2022. This remains a key milestone to advance Hazer into the next stage of our development. There is enormous demand for emerging technologies such as the Hazer Process and we are committed to ensuring we position Hazer to capture this. Our business development activities and R&D Program are both targeted to meet this growing global demand. We are delighted to welcome the new shareholders onto the register.
HZR Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held
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