Graphene 3D Lab Inc. Closes $430,000 First Tranche of Private Placement

September 14, 2016 –Calverton, NY and Vancouver, BC — Graphene 3D Lab (TSXV:GGG, OTCQB:GPHBF) today announced that it has closed the first tranche of the private placement of units, announced on August 30, 2016. The Company issued 2,687,500 units at a price of $0.16 per unit for gross proceeds of $430,000.
September 14, 2016 –Calverton, NY and Vancouver, BC — Graphene 3D Lab (TSXV:GGG, OTCQB:GPHBF) today announced that it has closed the first tranche of the private placement of units, announced on August 30, 2016. The Company issued 2,687,500 units at a price of $0.16 per unit for gross proceeds of $430,000.
Each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.25 per share.
All securities issued will be subject to a four-month hold period with expiring on January 14, 2017. The Company intends to use the proceeds of the private placement for general working capital purposes.
Connect with Graphene 3D Lab (TSXV:GGG, OTCQB:GPHBF) to receive an Investor Presentation.
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