07:35:11 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Graphene 3D Lab Inc
Symbol GGG
Shares Issued 39,167,500
Recent Sedar Documents

ORIGINAL: Graphene 3D closes MatNic RTO, to start trading Aug. 11

2014-08-08 18:10 ET - News Release

Received by email:

File: Closing news release v9 - Aug 8 FINAL.docx

/











Vancouver, British Columbia and New York, NY - Graphene 3D Lab Inc. (formerly, MatNic Resources Inc.) (TSXV: GGG) ("Gr
--->aphene 3D" or the "Company"), a Tier 2 issuer listed on the TSX Venture Exchange (the "Exchange"), today announced tha
--->t further to the Company's press releases dated April 10, April 24, June 13, 2014, and July 14, 2014, the parties have
---> completed the acquisition of Graphene 3D Lab (U.S.) Inc., formerly Graphene 3D Lab Inc. ("Graphene US"), a private co
--->rporation organized under the laws of Delaware, USA (the "Transaction").  A final filing statement relating to the Acq
--->uisition has been filed on SEDAR. The Transaction was completed through an exchange of securities with all of the secu
--->rityholders of Graphene 3D, which constituted a reverse take-over and change of business of the Company.  The Company 
--->expects to commence trading of its common shares on the Exchange under the new ticker symbol 'GGG' on August 11, 2014 
--->or shortly thereafter.
In connection with the Transaction, the Company issued 25.6 million common shares (the "Exchanged Shares") and share p
--->urchase warrants to acquire a further 4.5 million common shares at $0.07 per share until March 25, 2017 (the "Exchange
--->d Warrants").  Of the Exchanged Shares issued, 21.1 million shares are subject to Form 5D surplus securities escrow re
--->strictions, with an immediate release of 5%, and further installments every 6 months for the next 3 years.  The other 
--->4.5 million Exchanged Shares are subject to the Exchange's seed share resale restrictions, with an immediate release o
--->f 20% and further installments of 20% every three months over the next year.  Any common shares issued upon exercise o
--->f the Exchanged Warrants within the first four months from the closing date will be subject to the Exchange's seed sha
--->re resale restrictions, with an immediate release of 20% and further installments of 20% every month over the next fou
--->r months.
The Company also completed a private placement of 7.2 million common shares (the "Shares") at an offering price of $0.
--->25 per Share to raise gross proceeds of $1.8 million.  The Company paid cash finder's fees to certain arm's length fin
--->ders, equal to 7% of the gross proceeds.  The net proceeds of the offering will be used for the further development of
---> Graphene US's business activities (see "About Graphene 3D" below for further details) and for general working capital
---> requirements.  The Shares will be subject to a four month hold period until December 9, 2014.
 For further details concerning the Transaction, please see the Company's filing statement on SEDAR (www.sedar.com) un
--->der the Company's profile.
Except for statements of historical fact, all statements in this press release, including, but not limited to, stateme
--->nts regarding future plans, objectives and payments are forward-looking statements that involve various risks and unce
--->rtainties.
About Graphene 3D
Graphene 3D is BC company whose common shares are listed on the TSX Venture Exchange, which now owns all of the issued
---> and outstanding shares of Graphene US, a private Delaware corporation, organized on September 3, 2013.  Graphene US i
--->s in the business of developing, manufacturing, and marketing proprietary polymer nanocomposite graphene-based materia
--->ls for various types of 3D printing, including fused filament fabrication as well as the design, manufacture and marke
--->ting of three-dimensional printers and products for worldwide customers, including in the aerospace and automotive ind
--->ustries, manufacturers of medical prosthetics and the military.  Graphene US currently has two US patent applications 
--->pending for its technology. For more information on Graphene 3D Lab, Inc, visit www.graphene3dlab.com

For More Information
For more information, please contact:
Commercial Inquiries: 
Daniel Stolyarov
President & Chief Executive Officer
Telephone: (631) 405-5116
Email: daniel.stolyarov@graphene3Dlab.com
 Investor Inquiries:
Paul Thomson
Investor Relations Coordinator
Telephone (631) 405-5114
Email: investors@graphene3Dlab.com
 
 FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and information that are based on the beliefs of management and
---> reflect the Company's current expectations.  When used in this press release, the words "estimate", "project", "belie
--->f", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such var
--->iations thereon or comparable terminology are intended to identify forward-looking statements and information.  The fo
--->rward-looking statements and information in this press release includes information relating to the Transaction (inclu
--->ding the anticipated date which the Company's common shares will commence trading on the Exchange).  Such statements a
--->nd information reflect the current view of the Company with respect to risks and uncertainties that may cause actual r
--->esults to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may
---> cause our actual results, performance or achievements, or other future events, to be materially different from any fu
--->ture results, performance or achievements expressed or implied by such forward-looking statements.  Such factors inclu
--->de, among others, the following risks: risks associated with the completion of the Transaction and matters relating th
--->ereto; and risks associated with the marketing and sale of securities, the need for additional financing, reliance on 
--->key personnel, the potential for conflicts of interest among certain officers or directors with certain other projects
--->, and the volatility of the Company's common share price and volume.  Forward-looking statements are made based on man
--->agement's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligatio
--->n to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. 
---> Investors are cautioned against attributing undue certainty to forward-looking statements.
There are a number of important factors that could cause the Company's actual results to differ materially from those 
--->indicated or implied by forward-looking statements and information.  Such factors include, among others, risks related
---> to Graphene 3D's proposed business such as failure of the business strategy, stable supply prices, demand and market 
--->prices for 3D printing products, and government regulation; risks related to Graphene 3D's operations, such as additio
--->nal financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, int
--->ellectual property and reliable supply chains; risks related to Graphene 3D and its business generally such as potenti
--->al exposure to tax under Canadian and US income tax laws, laws and regulations relating to cross-border mergers and ac
--->quisitions, infringement of intellectual property rights, product liability, environmental protection, currency exchan
--->ge rates and conflicts of interest.
The Company cautions that the foregoing list of material factors is not exhaustive.  When relying on the Company's for
--->ward-looking statements and information to make decisions, investors and others should carefully consider the foregoin
--->g factors and other uncertainties and potential events.  The Company has assumed a certain progression, which may not 
--->be realized.  It has also assumed that the material factors referred to in the previous paragraph will not cause such 
--->forward-looking statements and information to differ materially from actual results or events.  However, the list of t
--->hese factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will refle
--->ct the actual outcome of such items or factors.  While the Company may elect to, it does not undertake to update this 
--->information at any particular time.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE D
--->ATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.  READERS SHOULD NOT PLACE UNDUE IMPO
--->RTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.  WHILE THE COMPA
--->NY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDA
--->NCE WITH APPLICABLE LAWS.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENT
--->URE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
 





© 2024 Canjex Publishing Ltd. All rights reserved.