SRG Graphite raises $24M in private placement, top 5% for Canadian energy
What's the deal? SRG GraphiteDealroom has a profile for this one. Try Dealroom → has raised US$25.1M in a non-brokered private placement. The company sold 34.24 million listed shares at US$0.73 each, with 17.12 million warrants attached.
The fine print: Each warrant lets holders buy a listed share at US$0.95 for a two-year period. The financing followed disclosures the company made in early September.
By the numbers: The raise ranks in the 95th percentile for non-VC private placements in Canada's energy sector over the past four years, based on 2,276 comparable rounds. That puts it among the largest such deals in its category.
The signal: Graphite is a key material for batteries and electric vehicles, and large private placements signal continued investor appetite for companies feeding the energy-transition supply chain. A top-5% raise suggests SRG is drawing capital at a scale that outpaces most of its Canadian peers.
Read more: stockwatch.com
Image credit: James St. John
