Nano One Increases Non-Brokered Private Placement to $4.25 Million
August 29 2017 - 4:02AM
Dan Blondal, CEO of Nano One Materials
Corp.(TSX-V:NNO) (Frankfurt:LBMB) (OTC:NNOMF), today announced
that in response to over-subscription it has increased the size of
its non-brokered private placement previously announced on August
22, 2017, to consist of up to 4,250,000 units (the “Units”) at a
price of $1.00 per Unit for gross proceeds of up to $4,250,000.
Each Unit will consist of one common share and one-half of one
common share purchase warrant (each whole such warrant, a
“Warrant”). Each Warrant will entitle the holder to purchase an
additional common share at a price of $1.25 for a period of 24
months from the closing date. The proceeds of this private
placement will be used for technology and corporate development,
and general working capital. In connection with the private
placement, the Company may pay finder's fees in cash or securities
or a combination of both, as permitted by the policies of the TSX
Venture Exchange.
The shares issued pursuant to the private placement will be
subject to a hold period under applicable securities laws, which
will expire four months plus one day from the date of closing of
the private placement. Closing of the private placement is subject
to receipt of all necessary corporate and regulatory approvals,
including approval of the TSX Venture Exchange.
Nano One Materials Corp.
Dan Blondal, CEO
For information with respect to Nano One or the contents of this
news release, please contact John Lando (President) at (604)
669-2701 or visit the website
at www.nanoone.ca.
About Nano One:
Nano One Materials Corp (“Nano One” or “the Company”) is
developing patented technology for the low-cost production of high
performance battery materials used in electric vehicles, energy
storage, consumer electronics and next generation batteries. The
processing technology addresses fundamental supply chain
constraints by enabling wider raw materials specifications for use
in lithium ion batteries. The process can be configured for a range
of different nanostructured materials and has the flexibility to
shift with emerging and future battery market trends and a diverse
range of other growth opportunities. The novel three-stage process
uses equipment common to industry and Nano One has built a pilot
plant to demonstrate high volume production. Piloting is being
funded with the assistance and support of the Government of Canada
through Sustainable Development Technology Canada (SDTC) and the
Automotive Supplier Innovation Program (ASIP). Nano One also
receives financial support from the National Research Council of
Canada Industrial Research Assistance Program (NRC-IRAP). Nano
One’s mission is to establish its patented technology as a leading
platform for the global production of a new generation of
nanostructured composite materials. For more information, please
visit www.nanoone.ca
Certain information contained herein may constitute
“forward-looking information” under Canadian securities
legislation. Forward-looking information includes, statements
related to the completion of the private placement and the use of
proceeds thereof. Generally, forward looking information can be
identified by the use of forward-looking terminology such as
'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue',
'estimate', 'may', 'will', 'should', 'ongoing', or variations of
such words and phrases or statements that certain actions, events
or results “will” occur. Forward-looking statements are based on
the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward-looking statements or forward-looking information,
including: the receipt of all necessary regulatory approvals.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. The Company does not undertake to
update any forward-looking statements or forward-looking
information that is incorporated by reference herein, except as
required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
THIS NEWS RELEASE, REQUIRED BY
APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT
SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS,
AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S.
PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
NOT FOR DISSEMINATION IN THE UNITED
STATES OR THROUGH U.S. NEWSWIRE SERVICES
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