15:07:06 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



G6 Materials Corp
Symbol GGG
Shares Issued 163,679,193
Close 2023-06-26 C$ 0.025
Market Cap C$ 4,091,980
Recent Sedar Documents

G6 Materials plans 1:10 share rollback

2023-06-27 12:23 ET - News Release

Mr. Daniel Stolyarov reports

G6 MATERIALS PROPOSES SHARE CONSOLIDATION

G6 Materials Corp. will seek TSX Venture Exchange approval to consolidate all of its issued and outstanding common shares on a basis of one postconsolidation share for every 10 preconsolidation shares. In accordance with current TSX-V policies, shareholder approval will not be required for the proposed consolidation. The proposed consolidation has been approved by the company's board of directors.

The proposed consolidation would result in the number of issued and outstanding shares being reduced from 163,679,193 preconsolidation shares to approximately 16,367,919 postconsolidation shares. The effective date of the proposed consolidation will be disclosed in a subsequent news release.

The company does not intend to change its name or its current trading symbol in connection with the proposed consolidation. Management of the company believes that the proposed consolidation will better position the company to raise the funds it requires to finance continuing business activities.

About G6 Materials Corp.

G6 Materials is a high-tech company with expertise in advanced materials that creates value-developing, innovative composites for a wide range of industrial uses. Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including, but not limited to, conductive epoxies, high-performance composites, and research and development materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA (the National Aeronautics and Space Administration) and leading universities. Graphene Laboratories has entered the global air filtration market with Breathe+, a line of medical-grade HEPA (high-efficiency particulate air) air filtration products enhanced with advanced performance graphene material.

G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the company has a valuable intellectual property portfolio currently comprising five granted patents. The company's management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Graphene Laboratories, a wholly owned subsidiary of G6 located in Ronkonkoma, N.Y., has established its premium research laboratory and scalable production facility equipped with advanced analytical and material-processing equipment.

We seek Safe Harbor.

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