- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Graphene 3D Lab Inc. Closes Oversubscribed Private Placement and Raises $212,000
Graphene 3D Lab Inc. is announcing that the Company has now closed an oversubscribed private placement for gross proceeds of $212,000.
Graphene 3D Lab Inc. (the “Company” or “Graphene”) (TSXV:GGG, OTC:GPHBF) is announcing that further to its news release on September 30, 2019, the Company has now closed an oversubscribed private placement for gross proceeds of $212,000.
In connection with the current placement, the Company will issue 4,240,000 units (each, a “Unit”) at a price of $0.05, consisting of one common share and one common share purchase warrant entitling the holder to acquire one additional common share at a price $0.12 per share for a period of twenty-four (24) months. The common share purchase warrants are subject to acceleration at the Company’s discretion in the event the Company’s common shares trade on a volume weighted average price (VWAP) basis of $0.16 or more for a period of ten consecutive trading days.
The securities issued by the Company in connection with the private placement will be subject to a four month hold period from the date of issuance as prescribed by applicable securities laws. Insiders subscribed for 1,800,000 Units in connection with the placement. No finders’ fees were paid in relation to closing of the placement. The issuance of securities in connection with the closing of the placement is subject to TSX approval.
Following issuance of securities related to this placement, the Company will have 82,608,574 common shares issued and outstanding.
The Company intends to use the net proceeds from the private placement for research and development activities and general working capital purposes.
ON BEHALF OF THE BOARD: Daniel Stolyarov, President & CEO
For More Information:
Commercial Inquiries:
Daniel Stolyarov Chief Executive Officer Telephone: (631) 405-5113 | Investor Inquiries:
Telephone: (631) 405-5114 Email: investors@graphene3Dlab.com |
FORWARD LOOKING INFORMATION
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE
Source
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.