Placement Completed and GEIC Officially
Opened
Highlights
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 Companys 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.
Graphene Engineering Innovation Centre (GEIC) Opening
The GEIC was officially opened on 10 December 2018 by His Royal
Highness Prince Andrew, Duke of York.
The official opening was attended by VIP invitees from the political and
business communities, including FGR Chairman, Warwick Grigor.
The official opening will be followed today by an Industry Showcase
where 250 industrial attendees are anticipated. This will provide an
opportunity for FGRs UK based staff to meet downstream partners.
Already there is considerable excitement around the development of
new projects and collaborations and positive discussions are already
progressing on composites, electrochemical manufacturing of
Graphene Oxide, concrete and energy storage materials.
As a Tier 1 participant and provider of graphene materials to GEIC FGR
is anticipating an increase in collaboration and sales during calendar
2019.
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