TORONTO, Oct. 22, 2025 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE:HG) (OTCQB:HGRAF) ("HydroGraph" or the "Company"), a leading producer of ultra-pure graphene, today announced that it has launched a brokered private placement of up to 6,896,560 units of the Company (the "Units") at a price of C$2.90 per Unit, for gross proceeds of up to C$20,000,000 (the "LIFE Offering"). The LIFE Offering is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 of the Canadian Securities Administrators (the "LIFE Exemption").
Each Unit shall be comprised of (i) one common share of the Company (each a "Common Share") and (ii) one-half (½) of one common share purchase warrant of the Company (each whole warrant, a "Warrant").
Each Warrant will entitle the holder to purchase one additional Common Share (a "Warrant Share") at an exercise price of C$3.50, representing a 20% premium to the Unit price for a period of 36 months following closing. The Unit price will be C$2.90. If, at any time following the closing date of the Life Offering (the "Closing Date"), the daily volume-weighted average trading price of the Common Shares on the Canadian Securities Exchange (the "Exchange") equals or exceeds a price that is 100% above the Warrant exercise price for ten (10) consecutive trading days, the Company may, at its discretion, accelerate the expiry date of the Warrants by giving not less than thirty (30) days' notice to Warrant holders by way of press release (with concurrent notice to the warrant agent).
The LIFE Offering will be conducted on a best-efforts, fully marketed basis by Canaccord Genuity Corp., acting as lead agent and sole bookrunner (the "Lead Agent"), on behalf of a syndicate of agents to be formed by the Lead Agent (collectively with the Lead Agent, the "Agents"). The Company intends to grant the Agents a cash commission equal to 6.0% of gross proceeds, plus broker warrants equal to 6.0% of the number of Units sold, exercisable for 36 months at an exercise price of C$3.50, representing a 20% premium to the Unit price.
The net proceeds from the LIFE Offering will be used for the development of production, research and operating facilities at two locations in Texas, and research and development and general corporate purposes.
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