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

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 11-APR-202515:00:39.713 GMT

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