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Black Swan Graphene Announces Closing of Equity Swap with Nationwide Engineering Creating a Strategic Partnership, Part of an Integrated Supply Chain, to Accelerate the Adoption of Graphene-enhanced Concrete Globally
Black Swan Graphene Announces Closing of Equity Swap with Nationwide Engineering Creating a Strat...
About this update from Black Swan Graphene Inc
[{"type":"text","content":"\n \n \n \n Black Swan Graphene Announces Closing of Equity Swap with Nationwide Engineering Creating a Strategic Partnership, Part of an Integrated Supply Chain, to Accelerate the Adoption of Graphene-enhanced Concrete Globally\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 6, 2023\n \n \n /CNW/ - Black Swan Graphene Inc. (\"\n \n Black Swan\n \n \") (TSXV: SWAN) (OTCQB: BSWGF) (FSE: R96) and Nationwide Engineering Research and Development Ltd (\"\n \n NERD\n \n \") are pleased to announce the closing of the Equity Swap and the entering into of the Supply Agreement announced on\n \n March 27, 2023\n \n , creating a strategic partnership being embedded in a fully integrated supply chain which will include Arup Group Limited (\"\n \n Arup\n \n \"), a multinational engineering consultancy headquartered in\n \n London, United Kingdom\n \n , with 18,000 experts working across 140 countries.\n \n \n \n \n \n \n \n \n \n At the core of the partnership between Black Swan and NERD, is the equity swap where each company now owns approximately five percent (5%) of the outstanding shares of the other (the \"\n \n Equity Swap\n \n \"), and the supply agreement between the two companies (the \"\n \n Supply Agreement\n \n \") under which NERD will be sourcing its graphene requirements from Black Swan.\n \n \n Concurrently with the creation of the partnership between Black Swan and NERD, Arup has entered into a partnership with NERD, pursuant to which it gained ownership of 4.2% of the outstanding shares of NERD. The partnerships between Black Swan and NERD, and between NERD and Arup, are intended to enhance expertise and create an integrated supply cha...