Graphene producer NanoXplore announced that it is raising $30 million CAD, selling shares to a syndicate of underwriters led by National Bank Financial Inc. and Canaccord Genuity Corp.

NanoXplore says it will use the funds for general corpoate purposes - which may include potential acquisitions. A few months ago the company announced it has acquired Canuck Compounders, a privately held plastic recycling compounder that provides sustainable and engineered recycled plastic compounds.

Last year NanoXplore's common shares graduated to trade on the Toronto Stock Exchange (TSX).

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