G6 Materials has announced that it has closed its non-brokered equity financing previously announced on March 2021. The Company reported that unit offering increased due to "strong investor demand" - from the CAD$5 million initial target, to the final closing of CAD$5.4 Million (around USD$4.29 million).
“The closing of this Offering is a significant milestone for G6 Materials as it not only funds our Company for future growth, but it also empowers us to complete the previously announced acquisition of GX Technologies,” said Daniel Stolyarov, President & CEO of G6 Materials Corp.
“We are excited to deploy the proceeds of the Offering toward the rapid expansion of a pilot facility to produce graphene oxide in Long Island, New York, to progress the cooperative R&D agreement with the US Army Corps of Engineers. The Company will continue working on its projects including advanced graphene composite materials, graphene oxide-based air purification projects, as well as other innovative initiatives,” added Mr. Stolyarov.