Photon Energy Announces the 3rd Investment in RayGen
Reuters
04-11
April 11 (Reuters) - Photon Energy NV :: *PARTICIPATES IN RAYGEN SERIES D ROUND *PARTICIPATED IN RAYGEN RESOURCES’ SERIES D INVESTMENT ROUND ALONGSIDE EXISTING AND NEW BACKERS COMMITTING A$127 MILLION OF FUNDING TO CLEAN TECHNOLOGY COMPANY *PHOTON ENERGY, EQUINOR VENTURES AND AGL ENERGY, ALONGSIDE OTHER EXISTING SHAREHOLDERS, ALSO FOLLOWED UP THEIR PREVIOUS INVESTMENTS *PHOTON ENERGY ENTERED INTO STRATEGIC PARTNERSHIP AND MADE MINORITY EQUITY INVESTMENT OF A$2 MILLION IN RAYGEN IN 2020 *AFTER THIS LATEST, THIRD INVESTMENT OF A$2 MILLION, CO NOW HOLDS 5.47% STAKE IN RAYGEN ON FULLY DILUTED BASIS