Graphene Lighting's Reverse Takeover of Oriana Deemed 'Unusual'

The Financial Post published an article that discusses the impending reverse takeover of capital pool company Oriana Resources Corp. (TSXV:OUP.P) by Graphene Lighting plc. According to the news outlet, the transaction “represents one of the more unusual reverse takeovers in recent times.”
Outlining why the transaction is so unusual, the Financial Post states:

It’s different from the norm – which for reverse takeovers is rather broad – because the target, Graphene Lighting PLC, is a U.K. based technology transfer company associated with the University of Manchester.
And it’s unusual because the planned board of directors – it’s planned because the two parties only signed a letter of intent this week – contains Nobel Prize winner, Andre Geim. The Soviet-born Dutch-British physicist – who is also a knight— won the Nobel prize for Physics in 2010.
And the transaction is unusual because Oriana Resources has two targets: the announced deal with Graphene Lighting; and an option to purchase Lumeneering Innovations. That option to acquire the LED lighting company runs until year-end. Lumeneering works with public utilities to upgrade existing lighting systems with new high-efficiency LED lighting solutions.
And it’s unusual because until this week Oriana Resources was all set to do its qualifying transaction with  MLM1 Corp., the company that did business as The Madcap Learning Adventure. Mid-week it announced that deal was off.
The penultimate unusual feature about the reverse takeover transaction is that the material, graphene, is new: it’s only been around since 2004 when Professor Geim, and his Ph.D. student Konstantin Novoselo (who also won the Nobel prize for Physics in 2010) discovered it.
How [graphene] came to Canada is the final unusual feature about the upcoming takeover. It started in mid 2014 when John McMahon, an investment banker with Industrial Alliance Securities became aware of graphene as a result of sponsoring Graphene 3D Lab for listing on the TSX-Venture Exchange. “That sponsorship got me interested in graphene,” said McMahon, who then contacted the University of Manchester.

Click here to read the full Financial Post article.