Nano One Closes Non-Brokered Private Placement
September 11 2017 - 4:57PM
Dan Blondal, CEO of Nano One Materials Corp.
(TSX-V:NNO) (Frankfurt:LBMB) (OTC:NNOMF), today announced the
closing of its non-brokered private placement previously announced.
Gross proceeds of $4,180,000 were raised.
“Nano One thanks its shareholders for their overwhelming and
continuing support,” said Mr. Blondal. “Strengthening our balance
sheet enables us to accelerate the execution of critical business
activities in the lithium supply chain and next generation
batteries.”
The Company has issued 4,180,000 units (the “Units”) at a price
of $1.00 per Unit to institutional and private investors.
Each Unit consists of one common share and one-half of one common
share purchase warrant (each whole such warrant, a “Warrant”). Each
Warrant entitles the holder to purchase an additional common share
at a price of $1.25 until September 8, 2019.
In connection with the private placement, the Company paid
finder’s fee of $145,880 and issued 145,880 non-transferable share
purchase warrants (“Finder’s Warrants”) to Leede Jones Gable,
Raymond James Ltd., Canaccord Genuity Corp., PI Financial Corp.,
Mackie Research Capital, Foster & Associates Financial Services
Inc. and Odlum Brown Limited. Each Finder’s Warrant will
entitle the holder to purchase one additional common share of the
Company at a price of $1.25 expiring on September 8, 2019.
The Units are subject to a 4-month hold period expiring January
9, 2018.
The proceeds of this private placement will be used for
technology and corporate development, and general working
capital.
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 use of proceeds of the private placement. 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
STATESOR THROUGH U.S. NEWSWIRE
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