Magnis Energy Technologies Limited: $25 Million Facility Completed
13.06.2023 | ABN Newswire
Sydney, Australia - Magnis Energy Technologies Ltd. (ASX:MNS) (FRA:U1P) (OTCMKTS:MNSEF) is pleased to announce that the maximum number of shares to be issued under the $25 million facility announced on 24 March 2023 have been subscribed for or settled with no further shares to be issued.The Tranche 1 funding provided by L1 Capital and Regal was extremely helpful to Magnis in furthering its commercial objectives, and the Magnis Board thanks both L1 Capital and Regal for their support.
The Magnis Board does not intend to draw down the additional $25 million tranche available under the facility at the present time.
About Magnis Energy Technologies Limited:
Magnis Energy Technologies Ltd. (ASX:MNS) (OTCMKTS:MNSEF) (FRA:U1P) is involved in and has strategic investments in several aspects of the electrification supply chain including manufacturing of green credentialed lithium-ion battery cells, leading edge battery technology and high quality, high performance anode materials. The company's vision is to enable, support and accelerate the green energy transition critical for the adoption of Electric Mobility and Renewable Energy Storage.
Source:
Magnis Energy Technologies Ltd.
Contact:
Sam Spurr Niche Marketing Group P: +61 2 8585 4322 E: sam@nichegroup.com.au Frank Poullas Executive Chairman P: +61 2 8397 9888 E: info@magnis.com.au