Black Swan Graphene

News

Mason Highlights Black Swan Graphene’s Successful Closing of a $6M Financing

Toronto, Ontario–(Newsfile Corp. – February 12, 2025) – Mason Resources Inc. (TSXV: LLG) (OTCQB: MGPHF) (“Mason“) is pleased to announce the successful closing of Black Swan Graphene’s $6M financing, (TSXV: SWAN) (OTCQB: BSWGF) (FSE: R96) (“Black Swan” or the “Company“), further to its news release dated February 5, 2025 and following Black Swan’s 8:1 share consolidation effective February 10, 2025, it has closed its non-brokered private placement of units (each, a “Unit“) of the Company at a price of $0.50 per Unit for gross aggregate proceeds of $6,000,000 (the “Offering“). Each Unit is comprised of one common share (each, a “Share“) in the capital of the Company and one-half of one transferable share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Share (each, a “Warrant Share“) at a price of $1.00 per Warrant Share for a period of eighteen (18) months following the date of closing of the Offering (the “Closing“), expiring August 11, 2026. Capacity Expansion and Corporate Positioning Simon Marcotte, President and Chief Executive Officer, commented: “I am very pleased to welcome an extremely strong group of international investors as well as to thank our existing investors for their support in this financing. […]