HopgoodGanim Lawyers congratulates Hazer Group Limited (ASX:HZR) (Hazer) on the successful completion of its capital raising and is pleased to have advised Hazer in relation to the transaction.
The capital raising comprised an institutional placement and share purchase plan to raise a total of $10.7 million (before costs). The proceeds from the capital raising will be used to support Hazer’s commercialisation strategy to advance and scale up Hazer’s proprietary methane reactor technology, progress synthetic graphite product development, and accelerate partner engagement.
The HopgoodGanim team was led by Partner Nino Odorisio and Senior Associate Garrett Pearce from our Corporate and Commercial practice.
The capital raising was strongly supported by investors, with directors and management of Hazer also committing to investment, subject to shareholder approval.
HopgoodGanim has a long-standing relationship with Hazer and is pleased to continue providing legal expertise as the company advances its strategy in the clean energy and decarbonisation sectors.