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Nano One Increases Non-Brokered Private Placement to $4.25 Million
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2017) - Dan Blondal, CEO of Nano One...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Increases Non-Brokered Private Placement to $4.25 MillionVancouver, British Columbia--(Newsfile Corp. - August 29, 2017) - Dan Blondal, CEO of Nano One Materials Corp., (TSXV: NNO) (FSE: LBMB) (OTC Pink: NNOMF) today announced that in response to over-subscription it has increased the size of its non-brokered private placement previously announced on August 22, 2017, to consist of up to 4,250,000 units (the \"Units\") at a price of $1.00 per Unit for gross proceeds of up to $4,250,000.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 $1.25 for a period of 24 months from the closing date. The proceeds of this private placement will be used for technology and corporate development, 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) 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 different nanostructured materials and has the flexibility to shift with emerging and future battery market trends and a diverse range of other growth opportunities. The novel three-stage process uses equipment common to indust...