Graniz Mondal Provides Update on Proposed Transaction With Group NanoXplore

Graniz Mondal (TSX VENTURE:GRA.H) (“Graniz” or the “Corporation”) is pleased to provide an update on the proposed three-cornered amalgamation (“Proposed Transaction”) with Group NanoXplore Inc. (“NanoXplore” or “GNI”) announced in the Corporation’s news release issued on June 8, 2017.

Graniz’s Proposed Transaction will constitute a reverse takeover transaction under Policy 5.2 – Change of Business and Reverse Takeovers of the TSX Venture Exchange (the “Exchange”).
Pursuant to the policies of the Exchange, the Corporation is required to issue a news release every 30 days following its initial news release to provide an update on the status of the Proposed Transaction. The initial news release was issued June 8, 2017.

Shareholders of the Corporation will be asked to vote on a number of propositions in connection with the Proposed Transaction, as described below, at the annual and special meeting of the shareholders to be held at the Hotel L’Oiselière, 165-A Route du Président-Kennedy, Lévis, Québec, G6V 6E2 on Friday, August 11, 2017 at 10:00 a.m. (the “Meeting”).
About Graniz Mondal
Graniz Mondal Inc. holds interests in one mineral property located in Northern Québec, and an option on a graphite deposit in the region of Mont-Laurier.
Click here to read the full text release.