Graphene 3D Lab Reports 7.3 Percent Reduction in Outstanding Shares

Graphene 3D Lab (TSXV:GGG,OTCQB:GPHBF) will reduce its outstanding shares by 7.3 percent, as Michael Gouzman is no longer serving on the company’s advisory board. Mr. Gouzman will focus on other research projects outside of Graphene 3D.
As quoted in the press release:

Mr. Gouzman was a founding member of the Advisory Board, and his founding shares were held under a 3 year scheduled release escrow agreement. The escrow agreement provided that any shares held in escrow would be returned to treasury and cancelled at such time that Mr. Gouzman no longer served on the Advisory Board. The Company intends to file notification documentation reflecting the change in share reduction with the TSX-V Exchange and regulators.

Graphene 3D president and CEO, Daniel Stolyarov, said:

I want to thank Professor Gouzman for his contributions and service to the company and I wish him every success in his future endeavors.

Click here to read the full Graphene 3D Lab (TSXV:GGG,OTCQB:GPHBF) press release.
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