• FGR has completed a placement to raise $1.5m.
• Graphene Engineering Innovation Centre at University of Manchester officially opened on 10 December 2018.
Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX:FGR) is pleased to report it has completed a placement of 10 million fully paid ordinary shares at a price of 15¢, with no attaching options to raise $1.5m. The issue of the 10 million shares is within the Company’s capacity under Listing Rule 7.1 and will not require shareholder approval. The placement was predominantly to existing institutional and family office shareholders. Funds will be used to support the commissioning of the facilities at GEIC and the recruitment of additional sales and technical staff.
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