Proactive Investors - Run By Investors For Investors

Dotz Nano bags $1.5M to commercialise graphene quantum dots

Capital raising undertaken to access up to a further $2M in non-dilutive grant funding.
Dotz Nano bags $1.5M to commercialise graphene quantum dots
The company has recently achieved a significant level of product expertise

Dotz Nano (ASX:DTZ) has received firm commitments to raise $1.5 million via a placement of shares to sophisticated investors at $0.12 per share.

Dotz is a nano-technology company focused on the development, manufacture and commercialisation of graphene quantum dots (GQDs).

The company will also be issuing, subject to any shareholder approval that may be required, up to 10 million unlisted options exercisable at $0.20 and expiring two years from the date of issue.

The placement was conducted to take advantage of cost sharing grant funding to access up to circa $2 million in grants over the next 12-18 months.

The initial grant was awarded to Dotz by the U.S.-Israel Binational Research and Development (BIRD) Foundation.

Additional grant funding is directed from the Office of the Chief Scientist of Israel and from the Ministry of Economy.

The grant funds raised will be non-dilutive to Dotz shareholders, and the proceeds from the placement will be applied towards the commercialisation of Dotz’ technology.

The company has recently attained a significant level of product expertise, achieving GQD integration into a multitude of mediums for use in various applications such as plastics, polymers and liquids.

Dotz was also able to integrate its technology into specialty mediums for use in anti-counterfeiting applications, displays, textiles, inks and even bio-medical/bio-imaging applications.

These activities are aimed at achieving commercial agreements with potential customers from tier 1, tier 2 and even end-users.

View full DTZ profile View Profile

Dotz Nano Ltd Timeline

January 04 2018

Related Articles

Artist Michael Foran photographs the burning US Twin Towers after the 9/11 attacks
April 10 2019
The information sharing platform archTIS commercially launched this week was inspired by the threat of the 9/11 attacks in the US and is continually relevant amid global tensions.
Restaurant diners
July 04 2019
The company's website and phone app aims to help restaurants fill spare capacity by offering discounts potential diners during quieter periods
June 19 2019
CUI plans to purchase four privately held companies that provide services to the oil & gas, wireless telecommunications and utility industries and combine its subsidiaries with them to create a whole new company

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use