Mason Graphite Gains Additional 20-percent Interest in NanoXplore

Mason Graphite Inc. (TSXV:LLG,OTCQX:MGPHF) announced the completion of the second tranche of its investment in Group NanoXplore Inc., noting that it has invested $350,000 in order to gain a further 20-percent interest in the company.

As quoted in the press release:

As announced on January 13, 2014, Mason Graphite and NanoXplore entered into an agreement whereby Mason Graphite has acquired 40% of the issued and outstanding shares of NanoXplore for $700,000 in two tranches. The closing of the first tranche, an investment of $350,000 for a 20% interest, was announced on February 18, 2014.

NanoXplore is a privately held research and development company focused on developing low cost, large-scale production of graphene from natural flake graphite, and integrating it into several industries, including energy and textiles.

Click here to read the full Mason Graphite Inc. (TSXV:LLG,OTCQX:MGPHF) press release.

Click here to read more about Mason Graphite’s relationship with NanoXplore.