11:26 AM EST, 11/26/2024 (MT Newswires) -- HydroGraph Clean Power ( HGRAF ) a manufacturer of high-quality graphene and other nanomaterials, on Tuesday said it aims to raise $2 million through a private placement offering that may be upsized by up to 30%.

The units will be price at $0.16 each and will consist of one share and half of a three-year warrant to buy a share at $0.24.

Proceeds will be used for furthering commercialization via application development at the Graphene Engineering Innovation Center.

The offering is expected to close by Dec. 6.

HydroGraph shares were last seen down $0.02 to $0.17 on the Canadian Securities Exchange.

Price: 0.18, Change: -0.01, Percent Change: -2.78