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Nanoxplore Inc
Symbol GRA
Shares Issued 120,995,810
Close 2020-03-13 C$ 1.32
Recent Sedar Documents

Nanoxplore arranges $25-million private placement

2020-03-16 09:25 ET - News Release

Mr. Liam Farrell reports

NANOXPLORE INC. ANNOUNCES $25,000,000 BOUGHT DEAL PRIVATE PLACEMENT

Nanoxplore Inc. has entered into an agreement with Echelon Wealth Partners Inc. to purchase, on a bought deal private placement basis, 19,230,800 common shares of the company at a price of $1.30 per common share for gross proceeds of approximately $25-million.

The offering will be conducted by a syndicate of underwriters led by Echelon as sole bookrunner. The company has granted the underwriter an option to purchase up to an additional 20 per cent of the common shares sold under the offering at the issue price. The underwriters' option may be exercised in whole or in part to purchase common shares upon written notice to the company at any time up to 48 hours prior to the closing date of the offering.

The company intends to use the net proceeds of the offering to support sales and marketing of graphene, research initiatives particularly related to the use of graphene in lithium-ion batteries, United States expansion, working capital, and general corporate purposes.

The company has agreed to grant the underwriter a cash commission payable on the closing date of the offering equal to 5 per cent of the aggregate gross proceeds of the offering (including the underwriters' option), other than in respect of common shares subscribed for by certain investors (the president's list), in which case the company shall pay the underwriter a cash commission equal to 2 per cent of such amount.

The offering will be completed (i) by way of a private placement exemption in all of the provinces and territories of Canada, (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the company's securities under domestic or foreign securities laws.

The offering is expected to close on or about April 8, 2020, or such other date as the company and Echelon may agree, and is subject to certain closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.

About Nanoxplore Inc.

Nanoxplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets. The company provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors.

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