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    graphite investing

    Mason Graphite Communicates Progress of its Graphene Partner NanoXplore

    Melissa Shaw
    Sep. 11, 2017 08:46AM PST
    Battery Metals

    Mason Graphite (“Mason Graphite” or the “Company”) (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to report that NanoXplore Inc. (“NanoXplore”) is now a public company and its shares began trading on the TSX Venture on September 8th, 2017 under the symbol “GRA”. NanoXplore became a public company following a Reverse Take-Over (“RTO”) transaction with Graniz Mondal Inc. and the …

    Mason Graphite (“Mason Graphite” or the “Company”) (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to report that NanoXplore Inc. (“NanoXplore”) is now a public company and its shares began trading on the TSX Venture on September 8th, 2017 under the symbol “GRA”.

    NanoXplore became a public company following a Reverse Take-Over (“RTO”) transaction with Graniz Mondal Inc. and the concurrent closing of a $9,697,082 equity financing with various institutions, which was done at a price per share of $0.45, giving NanoXplore an initial market capitalization of $36,332,260. Following this financing, Mason Graphite’s ownership stands at 25% of NanoXplore.

    Management of Mason Graphite sees definite potential for growth in NanoXplore and a lot of synergies in the partnership in place. Mason Graphite is the sole supplier of graphite to NanoXplore and is also a sales, marketing and distribution agent.
    Furthermore, both companies are working closely together based on a Laboratory Service Agreement and an exclusive License Agreement for certain processes which were established in 2015.
    Click here to read the full text release. 

    graphite investingexclusive licenseotcqx:mgphflicense agreement
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