Brief: Photon Energy Group Participates In AUD 42 Million Raygen Series C Capital Raise

Photon Energy NV

08/06/2021 06:48

June 8 (Reuters) - Photon Energy NV  PENP.WA :
    * PHOTON ENERGY GROUP PARTICIPATES IN AUD 42 MILLION RAYGEN SERIES C CAPITAL
RAISE
    * ROUND COMPRISES AUD 27 MILLION (EUR 17.2 MILLION) OF STRATEGIC INVESTMENTS
BY
AGL, SCHLUMBERGER NEW ENERGY AND CHEVRON TECHNOLOGY VENTURES, ALONGSIDE OTHER
NEW AND EXISTING INVESTORS, INCLUDING PHOTON ENERGY GROUP
    * PRIVATE FUNDING HAS BEEN MATCHED WITH AUD 15 MILLION (EUR 9.5 MILLION) OF
NON-DILUTIVE, RECOUPABLE GRANT FUNDING BY ARENA
    * PHOTON ENERGY NV - COMPANY ENTERED A STRATEGIC PARTNERSHIP WITH AND
ANNOUNCED
ITS INITIAL INVESTMENT IN RAYGEN IN APRIL 2020, JOINING OTHER INVESTORS IN
HI-TECH COMPANY
    * PHOTON ENERGY MADE A FOLLOW-ON EQUITY INVESTMENT OF AUD 3 MILLION (EUR 1.9
MILLION) MAINTAINING ABOUT 9% IN THE TECHNOLOGY COMPANY  urn:newsml:reuters.com:*:nFWN2M60WD

Source text for Eikon:  ID:nEM7svNrGa 
Further company coverage:  PENP.WA 

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