Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX:FGR) is pleased to announce it has received firm commitments for a placement to eligible institutional and sophisticated investors of approximately 23.3 million fully paid ordinary shares (“Shares”) in the Company at an issue price of $0.15 to raise $3.5 million (before costs) (“Placement”) The issue of Shares is within the Company’s capacity under Listing Rule 7.1 and will not require shareholder approval.
Foster Stockbroking Pty Ltd acted as Lead Manager to the Placement.
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