GMG Closes US$10 Million Private Placement
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement (the "Private Placement") with a private investor (the "Subscriber") pursuant to which the Subscriber has subscribed for 6,465,336 ordinary shares ("Ordinary Shares") of the Company at a price of CA$2.15 per Ordinary Share for total gross proceeds to the Company of approximately US$10,000,000. The private placement has received conditional approval from the TSX Venture Exchange.