[IMG] March 26, 2018 0 0 A European industrialist wants to...

March 26, 2018 0
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A European industrialist wants to introduce graphene to his industrial product range.

First Graphene Ltd (ASX:FGR) has raised $3.4 million in a placement which was strongly supported by European-based and institutional investors.
The funds will help expand the company’s high-quality graphene products, which it produces from Sri Lankan vein graphite, into European industrial markets.
Placement at 18 cents per share

Firm commitments were received for the placement of 18.9 million shares at 18 cents per share.
Each share issued also has an attached option on a 1:2 ratio.
The placement was undertaken after First Graphene was approached by a European-based industrialist wanting to introduce graphene to his industrial product range.
He identified the company after completing a detailed study of the graphene sector and companies with graphene credentials.
The full article is available below.
Source: Proactive Investors Australia