Business
Nano One Announces $450,000 Placement
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2016) - Nano One Materials Corp. ...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Announces $450,000 PlacementVancouver, British Columbia--(Newsfile Corp. - March 29, 2016) - Nano One Materials Corp. (TSXV: NNO) (FSE: LBMB) (\"Nano One\") reports that a shareholder of Nano One has arranged a sale of 1,500,000 common shares of Nano One at a price of $0.335 per share to a US institutional shareholder through the facilities of the TSX Venture Exchange.The proceeds of this sale will be used to fund a private placement of 1,406,250 shares of the Company at a price of $0.32 per share for gross proceeds to Nano One of $450,000. The proceeds of this private placement will be used for technology and corporate development, and general working capital. 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) 669-2701 or visit the website at www.nanoone.ca.About Nano OneNano One Materials Corp. is developing novel, scalable and low-cost processing technology for the production of high performance battery materials used in electric vehicles, energy storage and consumer electronics. The patented technology can be configured for a wide range of nanostructured materials and has the flexibility to shift with battery market trends and a diverse range other growth opportunities. The novel three-stage process uses equipment common to industry and is being engineered for high volume production and rapid commercialization. Nano One's mission is to establish its patented technology as a leading platform for the global production of a new generation of nanostructured composite materials. For more information, please visit nanoone.caCertain information contained herein may constitute \"forward-looking information\" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the use of proceeds of the private placement. Generally, forward-looking information can be identified by the use of forward-looking ter...