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First Graphene Announces Research and Development Refund Boosts Company Finances

Highlights

• R & D refund of $436,107

• Option issue proceeds $467,202

• CRC-P Funding Grant of $1.5m, for;

- advancement of the BEST Battery, and
- development of a low cost, environmentally safer method of making graphene oxide (GO)

Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX:FGR) is pleased to advise it has received a Research and Development refund totalling $436,107. The refund results from the Company’s research and development activities during the financial year 2016/17.


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