• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks

    Nano One Materials Completes Acquisition of Perfect Lithium

    Teresa Matich
    Mar. 09, 2015 04:16PM PST
    Battery Metals

    Nano One Materials (TSXV:NNO) announced the completion of its previously announced business combination with Perfect Lithium Corp. The company also announced the closing of a financing for proceeds of $3 million.

    Nano One Materials (TSXV:NNO) announced the completion of its previously announced business combination with Perfect Lithium Corp. The company also announced the closing of a financing for proceeds of $3 million.

    As quoted in the publication:

    Pursuant to the Transaction, all outstanding warrants of PLC were exchanged for Nano One warrants to purchase Post Consolidation Shares, with appropriate adjustments to the number and price of shares that may be acquired upon exercise thereof to reflect the Exchange Ratio. All stock options of Nano One and PLC issued prior to the Agreement were cancelled on closing of the Transaction. The Resulting Issuer granted 2,825,000 options to the new management and consultants of the Resulting Issuer upon completion of the Transaction.

    Immediately prior to closing of the Transaction, Nano One consolidated all of its issued and outstanding common shares (the “Consolidation”) on the basis of two existing common shares for one new common share (a “Post Consolidation Share”) and one share purchase warrant. Each warrant is exercisable at any time until 4:00 p.m. (EST) on March 5, 2016 to acquire one Post Consolidation Share at an exercise price of $0.40 per Post Consolidation Share and thereafter until 4:00 p.m. (EST) on March 5, 2017 to acquire one-half of one Post Consolidation Share at an exercise price of $0.50 per Post Consolidation Share.

    Nano One CEO, Dan Blondal, said:

    On behalf of the entire Nano One team, I would like to thank our existing shareholders for their tremendous support and I extend a warm welcome to our new shareholders. I would also like to thank our staff, advisors and partners who have worked so hard to establish the technology and our directors, officers and the syndicate of financiers who have come together to complete this transaction. Listing Nano One on the TSX Venture Exchange sets the stage for the commercialization phase of our technology. Everyone can relate to the pent-up demand for better batteries, so it is an exciting time to be changing the way we make energy storing materials. We have an exceptional team and our technology is well on its way to becoming a leading platform for the production of a new generation of advanced materials.

    Click here to read the Nano One Materials (TSXV:NNO) press release

    nano one
    The Conversation (0)

    Go Deeper

    AI Powered
    Lithium periodic symbol and Canadian flag.

    Top 5 Canadian Lithium Stocks of 2025

    Text saying "lithium" overlaid on stock chart with a globe in the background.

    Top 9 Global Lithium Stocks of 2025

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×