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Nano One Announces $1,000,000 Over-Allotment to Private Placement Bringing Total Offering up to $11,000,000
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2020) - Nano One Materials Corp...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Announces $1,000,000 Over-Allotment to Private Placement Bringing Total Offering up to $11,000,000Vancouver, British Columbia--(Newsfile Corp. - February 10, 2020) - Nano One Materials Corp. (TSXV: NNO) (OTC PINK: NNOMF) (FSE: LBMB), today announced that, pursuant to a 10% over-allotment, the size of its non-brokered private placement that was previously announced on January 30, 2020 and February 5, 2020, is increased by $1,000,000, to a total of up to $11,000,000. The financing will now consist of a total of up to 9,565,217 units (the \"Units\") at a price of $1.15 per Unit for total gross proceeds of up to $11,000,000.Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole such warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase an additional common share at a price of $1.60 for a period of 36 months from the closing date. The proceeds of this private placement will be used for corporate development, facilities expansion, technology advancement, and general working capital. In connection with the private placement, the Company may pay finder's fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.The shares issued pursuant to the private placement will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the private placement. Closing of the private placement is subject to receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.Nano One Materials Corp.Dan Blondal, CEO For information with respect to Nano One or the contents of this news release, please contact John Lando (President) at (604) 420-2041 or visit the website at www.nanoone.ca.About Nano OneNano One Materials Corp has developed patented technology for the low-cost production of high performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The processing technology enables lower cost feedstocks, simplifies production and advances performance for a wide range of cathode materials. Nano One has built a demonstration pilot plant and is partnering with global leaders in the lithium ion battery supply chain, including Pulead, Volkswagen and Saint-G...