The announcement... Advanced materials company, First Graphene...

The announcement...

Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX: FGR) is pleased to advise it has received firm commitments for a placement of shares at $0.18 raising $3.2 million. The issue of the 17.7m shares and option securities is within the Company’s capacity under Listing Rule 7.1 and will not require shareholder approval. Each share issued will have attached FGROC options on a 1 for 2 ratio. This is a limited private placement with most of it going to a European-based industrialist who approached FGR following a detailed study of the graphene sector and the companies with graphene credentials. We are pleased that he selected FGR as a company with merit, in which he can take an equity investment and work beside, with a view to the possibility of introducing graphene to enhance his industrial product range. First Graphene is pleased that its strategy of increasing the international awareness of its leading position in the graphene sector, as a supplier of high quality bulk volume graphene and a developer of valuable IP, is gaining traction.

Investment Conference. Earlier this week FGR presented at a technology-based conference in Singapore, experiencing a very favourable reception. Singapore is a country that is actively involved in the pursuit of technology and advanced sciences, with graphene initiatives being foremost on its agenda. Further, Singapore is increasingly become a centre for global fund management activities given its strong legal system and internationally competitive tax rates. Singapore’s connections with Asian countries and businesses enables it to serve as an important hub from which FGR can expand into the region, to accelerate the drive to commercialise graphene adoption.

Very nice