ASX-Dividend-Report-Banner
Sponsored

Carbonxt Group (ASX:CG1) Secures AU$1.5Mn in Additional Funding for Kentucky Facility

April 10, 2025 10:59 AM AEST | By Sonal Goyal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Carbonxt Group (ASX:CG1) Secures AU$1.5Mn in Additional Funding for Kentucky Facility
Image source: Company website

Highlights

  • CG1 has secured an additional AU$1.5 million in funding through a combination of an AU$339,000 share placement and a AU$1.165 million increase to its existing convertible note facility.
  • The convertible note facility was initially established on 27 February 2025 with major shareholder Phelbe Pty Ltd.
  • Both Phelbe Pty Ltd and Nanjia Capital Limited participated in the expanded funding arrangement.
  • The funds will be used to support the company’s strategic investment in Kentucky-based facility, USA.

Carbonxt Group Limited (ASX:CG1) has secured an additional AU$1.5 million in funding through a combination of an expanded convertible note facility and a AU$339,000 share placement.

The convertible note facility, initially established on 27 February 2025 with major shareholder Phelbe Pty Ltd, has been increased by AU$1.165 million, bringing the total amount to A$1.665 million. The additional funding was subscribed to by Phelbe Pty Ltd and Nanjia Capital Limited.

The proceeds from this combined funding will be used to support CG1’s strategic investment in its U.S.-based activated carbon manufacturing facility in Kentucky.

CG1 shares were trading at AU$0.054 per share, up ~6%, at the time of writing on 10 April 2025.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.