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Completion of the Transaction with Group NanoXplore
Aug. 30, 2017 08:41AM PST
Emerging Technology Investing
NanoXplore (Formerly Graniz Mondal) (TSX VENTURE:GRA.H) (the “Corporation”) is pleased to announce the completion of the previously announced three-cornered amalgamation involving Graniz Mondal, Group NanoXplore and 9363-0770 Québec which constituted a reverse takeover of Graniz Mondal under the policies of the TSX Venture Exchange (the “Transaction”). Pursuant to the Transaction, the Corporation consolidated its share …
NanoXplore (Formerly Graniz Mondal) (TSX VENTURE:GRA.H) (the “Corporation”) is pleased to announce the completion of the previously announced three-cornered amalgamation involving Graniz Mondal, Group NanoXplore and 9363-0770 Québec which constituted a reverse takeover of Graniz Mondal under the policies of the TSX Venture Exchange (the “Transaction”).
Pursuant to the Transaction, the Corporation consolidated its share capital on a 15:1 basis and changed its name to “NanoXplore”.
As previously announced, Group NanoXplore completed on August 2, 2017 a private placement of subscription receipts for gross proceeds of approximately $9.7 million (the “Private Placement”). In connection with the Transaction, each subscription receipt was ultimately converted into one common share and one-half common share purchase warrant of the Corporation.
About NanoXplore
NanoXplore is a graphene company, a manufacturer and supplier of high volume graphene powder for use in industrial markets as well as standard and custom graphene enhanced thermoplastic products to many customers in transportation, packaging, electronics and other industrial sectors.