00:45:34 EDT Fri 29 Mar 2024
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or Name
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Graphene Manufacturing Group Ltd
Symbol GMG
Shares Issued 69,081,718
Close 2021-04-15 C$ 1.05
Market Cap C$ 72,535,804
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Graphene Manufacturing enters IR deals

2021-04-15 19:06 ET - News Release

Mr. Craig Nicol reports

GRAPHENE MANUFACTURING GROUP ANNOUNCES INVESTOR RELATIONS AGREEMENTS

Graphene Manufacturing Group Ltd. has launched a new investor relations section as part of its corporate website. Investors and prospective investors can access investor-related information, including the company's corporate presentation, on the company's website.

Additionally, the company is pleased to announce that it has entered into the following agreements to increase its investor relations outreach:

  • An investor relations agreement with Focus Communications Investor Relations Inc., a company existing under the laws of Ontario, dated April 15, 2021;
  • An issuer trading services agreement with Generation IACP Inc., a company existing under the laws of Ontario, dated April 15, 2021;
  • A consulting agreement with Brian Gusko Advisory Services Inc. (BGAS), a company existing under the laws of British Columbia, dated April 15, 2021;
  • A consulting agreement with Supercharged Stocks Ltd., a company existing under the federal laws of Canada, dated April 15, 2021;
  • A marketing agreement with Hybrid Financial Ltd., a company existing under the laws of Ontario, dated April 15, 2021.

Pursuant to the Focus agreement, Focus will provide investor relations services to Graphene Manufacturing for a one-year term, subject to early termination in certain events.

In accordance with the Focus agreement, the company will pay Focus a monthly fee of $12,500, plus applicable taxes, and grant to Focus 100,000 incentive stock options to purchase up to 100,000 shares for a period of three years. Each option is exercisable at price per share equal to the greater of: (i) $1.00; and (ii) the applicable discounted market price (as such term is defined in the policies of the TSX Venture Exchange), or such other price as may be approved by the TSX-V, and will vest quarterly over a one-year period.

Pursuant to the Generation agreement, Generation will provide trading services to Graphene Manufacturing for a monthly fee of $7,500 per month, plus applicable taxes, subject to an increase of 3 per cent on each anniversary of the Generation agreement. The Generation agreement is for an initial term of six months, with automatic renewal for subsequent six-month periods, unless terminated in accordance with its terms.

Pursuant to the Hybrid agreement, Hybrid will facilitate a marketing campaign for the company for a monthly fee of $15,000, plus applicable taxes. The Hybrid agreement is for an initial term of six months, with automatic renewal for successive three-month periods, unless terminated in accordance with its terms.

Pursuant to the BGAS agreement, BGAS will provide corporate financial advisory services to Graphene Manufacturing for a monthly fee of $40,000, plus applicable taxes. The BGAS agreement is for an initial term of 90 days and may be extended by the parties.

Pursuant to the Supercharged agreement, Supercharged will provide sponsorship services to Graphene Manufacturing for a fee of $25,000, plus applicable taxes. The Supercharged agreement is for an initial term of six months and may be extended by the parties.

Each of the IR agreements are with arm's-length parties to the company.

The IR agreements and grant of the options remain subject to the approval of the TSX Venture Exchange.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is a clean-tech, disruptive company that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By use of the company's proprietary process, Graphene Manufacturing can produce high-quality, low-cost, scalable, tuneable and no/low-contaminant graphene, enabling demonstrated cost and environmental improvements in a number of world-scale, planet-friendly/clean-tech applications. Using this low-input-cost source of graphene, the company is developing value-added products that target the massive energy efficiency and energy storage markets.

The company is also in the early stages of pursuing additional opportunities for Graphene Manufacturing graphene, including the development of next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of biodiesel and diesel fuels.

We seek Safe Harbor.

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