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Coal company takes controlling interest in Imagine IM, which also plans to build graphene manufacturing plant
Tuesday, March 22, 2016 4:09
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Imagine Intelligent Materials, the Australian developer of graphene-based coatings for industrial textiles and fibres, has entered into a Heads of Agreement (HOA) with Pacific American Coal, according to which PAK will take a controlling interest in Imagine IM.
PAK will set out to raise $1.58 million from investors; Following completion of the Initial Acquisition, PAK will acquire shares in Imagine IM from Imagine’s existing shareholders. Final completion of the HOA deal must occur on or before 30 June 2016.
Source: http://www.graphene-info.com/coal-company-takes-controlling-interest-imagine-im-which-also-plans-build-graphene-manufacturing
