Black Swan Graphene Inc.

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Black Swan Graphene Announces Closing of $6M Equity Financing

Toronto, Ontario–(Newsfile Corp. – February 12, 2025) – Black Swan Graphene Inc. (TSXV: SWAN) (OTCQB: BSWGF) (FSE: R96) (“Black Swan” or the “Company“) is pleased to announce that, 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. I believe Black Swan is poised to deliver […]

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Black Swan Graphene Announces Share Consolidation and Concurrent $6M Equity Financing to Power Capacity Expansion and Commercial Growth

Toronto, Ontario–(Newsfile Corp. – February 5, 2025) – Black Swan Graphene Inc. (TSXV: SWAN) (OTCQB: BSWGF) (FSE: R96) (“Black Swan” or the “Company“) is pleased to announce a non-brokered private placement of units (each, a “Unit“) of the Company at a post-Consolidation (as defined below) price of $0.50 per Unit for gross aggregate proceeds of $6,000,000 (the “Offering“). Prior to the Offering, the Company will consolidate its common shares (“Shares“) on the basis of one (1) new Share for every eight (8) currently outstanding Shares (the “Consolidation“). The Company intends to use the net proceeds from the Offering for the acquisition and installation of additional plant associated equipment to increase production capacity in Consett, United Kingdom; hiring of additional direct sales and operations staff; expanding distribution channels; and for general corporate purposes. The Company’s Board of Directors considered the Consolidation necessary to attract new investment and also to align with the Company’s growing reputation and provide greater credibility when potential customers inevitably assess its market presence and stability. Simon Marcotte, President and Chief Executive Officer, commented: “We are on the brink of a transformative period in Black Swan’s growth story. The extraordinary interest from high-caliber investors underscores the market’s confidence in […]