Business
Nano One Closes Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2017) - Dan Blondal, CEO of Nano ...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Closes Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - September 11, 2017) - Dan Blondal, CEO of Nano One Materials Corp. (TSXV: NNO) (FSE: LBMB) (OTC Pink: NNOMF), today announced the closing of its non-brokered private placement previously announced. Gross proceeds of $4,180,000 were raised. \"Nano One thanks its shareholders for their overwhelming and continuing support,\" said Mr. Blondal. \"Strengthening our balance sheet enables us to accelerate the execution of critical business activities in the lithium supply chain and next generation batteries.\"The Company has issued 4,180,000 units (the \"Units\") at a price of $1.00 per Unit to institutional and private investors. Each Unit consists of one common share and one-half of one common share purchase warrant (each whole such warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase an additional common share at a price of $1.25 until September 8, 2019. In connection with the private placement, the Company paid finder's fee of $145,880 and issued 145,880 non-transferable share purchase warrants (\"Finder's Warrants\") to Leede Jones Gable, Raymond James Ltd., Canaccord Genuity Corp., PI Financial Corp., Mackie Research Capital, Foster & Associates Financial Services Inc. and Odlum Brown Limited. Each Finder's Warrant will entitle the holder to purchase one additional common share of the Company at a price of $1.25 expiring on September 8, 2019.The Units are subject to a 4-month hold period expiring January 9, 2018. The proceeds of this private placement will be used for technology and corporate development, and general working capital. 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 One:Nano One Materials Corp (\"Nano One\" or \"the Company\") is developing patented technology for the low-cost production of high performance battery materials used in electric vehicles, energy storage, consumer electronics and next generation batteries. The processing technology addresses fundamental supply chain constraints by enabling wider raw materials specifications for use in lithium ion batteries. The process can be configured for a range of differ...