09/08/2024Sarytogan Graphite Limited (ASX: SGA, “the Company” or...

09/08/2024
Sarytogan Graphite Limited (ASX: SGA, “the Company” or “Sarytogan”) is pleased to announce it has entered into a share subscription agreement (“Subscription Agreement”) for a placement of A$5M to the European Bank for Reconstruction and Development (“EBRD”).The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 73 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well governed, green, resilient and integrated. To date, the EBRD has invested more than €200 billion through more than 7100 projects. 80 per cent of these funds have been channelled to private-sector companies.