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Graniz Mondal Announces Proposed Transaction With Group NanoXplore
Jun. 09, 2017 08:30AM PST
Battery Metals Investing
Graniz Mondal (TSX VENTURE:GRA.H) (“Graniz” or the “Corporation”) announced today that it has entered into a letter of intent dated June 6, 2017 with Group NanoXplore (“NanoXplore” or “GNI”), a corporation incorporated under the laws of Quebec, pursuant to which Graniz and NanoXplore intend to complete a business combination (the “Proposed Transaction”), in accordance with …
Graniz Mondal (TSX VENTURE:GRA.H) (“Graniz” or the “Corporation”) announced today that it has entered into a letter of intent dated June 6, 2017 with Group NanoXplore (“NanoXplore” or “GNI”), a corporation incorporated under the laws of Quebec, pursuant to which Graniz and NanoXplore intend to complete a business combination (the “Proposed Transaction”), in accordance with Policy 5.2 of TSX Venture Exchange (the “Exchange”).
Concurrently with the completion of the Proposed Transaction, the Corporation and NanoXplore (“Resulting Issuer”) intend to make a brokered private placement of a minimum of $2,000,000 and a maximum of $5,000,000, subject to obtaining all requisite regulatory approval, including that of the Exchange.
About NanoXplore
NanoXplore is a graphene company, a manufacturer and supplier of high volume graphene powder.
NanoXplore has developed a proprietary scalable manufacturing process, a Graphene Production Platform, to produce and supply high quality, engineered graphene materials which can be used by third parties in a wide variety of industrial and commercial applications.
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