• Raising $3.2m at the most recent market price of 18¢, with attached FGROC options on a 1 for 2 basis.
• Placement undertaken following an approach to FGR from a European-based industrialist wanting to introduce graphene to its products.
Placement to Raise $3.2m
Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX:FGR) is pleased to advise it has received firm commitments for a placement of shares at $0.18 raising $3.2 million. The issue of the 17.7m shares and option securities is within the Company’s capacity under Listing Rule 7.1 and will not require shareholder approval. Each share issued will have attached FGROC options on a 1 for 2 ratio.
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