POMPANO BEACH, FL / ACCESSWIRE / August 18, 2021 / Basanite, Inc. ("Basanite" or the "Company") (OTCQB:BASA), a manufacturer and market developer of environmentally friendly, high-performance composite products made from Basalt fiber for use in construction, today announced that it has closed a private placement offering to certain institutional and accredited investors for aggregate gross proceeds of approximately $5.33 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
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