Black Swan Graphene’s Successful Private Placement: A New Milestone
Toronto, Ontario – Black Swan Graphene Inc. (TSXV: SWAN, OTCQB: BSWGF, FSE: R96) (“Black Swan” or the “Company”), a leading graphene technology company, is thrilled to share the successful completion of its non-brokered private placement. Following the 8:1 share consolidation effective February 10, 2025, the Company has raised gross aggregate proceeds of $6,000,000 through the issuance of 12,000,000 Units at a price of $0.50 per Unit.
Details of the Private Placement
Each Unit consists of one common share in the capital of the Company and one-half of one transferable share purchase warrant (each whole warrant, a “Warrant”). Investors have the option to exercise their Warrants at an exercise price of $0.80 for a period of 36 months from the closing date of the Offering. The net proceeds of the Offering will be used for working capital and general corporate purposes, as well as for the development and commercialization of the Company’s graphene products.
Impact on Black Swan and Its Stakeholders
This successful private placement represents a significant milestone for Black Swan as it continues to advance its graphene technology and bring innovative products to market. With the increased capital, the Company will be able to accelerate its research and development efforts, expand its production capacity, and strengthen its balance sheet. This, in turn, will enable Black Swan to better serve its customers and stakeholders and create long-term value.
Global Implications of Black Swan’s Success
The graphene market is projected to grow at a compound annual growth rate (CAGR) of approximately 28.9% from 2020 to 2027, according to a report by Grand View Research. Black Swan’s advancements in the field position it well to capitalize on this growth and contribute to the global adoption of graphene technology. The successful private placement is a testament to the market’s confidence in Black Swan’s potential and underscores the significant role graphene will play in various industries, including energy, electronics, transportation, and healthcare.
Conclusion
Black Swan Graphene’s successful $6,000,000 private placement is a significant step forward for the Company as it continues to innovate and lead the graphene market. With the increased capital, Black Swan will be able to accelerate its research and development efforts, expand its production capacity, and strengthen its balance sheet. The global implications of this achievement are far-reaching, as graphene technology is poised to revolutionize various industries and contribute to a more sustainable and efficient future. Black Swan’s success is a win for its stakeholders and a win for the world.
- Black Swan Graphene raises $6,000,000 through a successful private placement
- Proceeds will be used for working capital, R&D, and commercialization of graphene products
- Significant milestone for the Company, positioning it well in the growing graphene market
- Graphene technology to revolutionize industries, contributing to a more sustainable and efficient future
