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by Stockwatch Business Reporter
The TSX Venture Exchange closed up 4.84 points to 601.77 Friday, ending the week up 14.33 points. Steve Bajic's 10th capital pool shell, Huffington Capital Corp. (HU: halted), has released the terms of its qualifying transaction, which is the acquisition of Nano Graphene Inc. (doing business as Grapheneca). The shell, which has 1,575,000 shares issued, will issue 60 million shares to its target's shareholders.
Nano Graphene has a facility in Brooklyn, N.Y., where in 2017 it began producing graphene flakes, graphene paste and graphene composites (with titanium dioxide or silicon dioxide, for example). As of September, 2018, however, the company had not yet made any sales. In connection with its launch on the TSX-V, Nano Graphene must sell a $4.5-million to $6.6-million private placement at 30 cents.
Nano Graphene was co-founded in 2016 by Boris Goldstein, who holds a PhD in applied mathematics. He has co-founded or founded more than a dozen companies, mostly private and mostly tech firms. In 1989, while still living in Latvia, he founded a financial and enterprise software company called Software House High Technologies. In 1991, he moved to San Francisco, remaining the chairman and chief executive officer of Software House until 1995.
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