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NanoXplore Inc. Announces Bought Deal Private Placement
NanoXplore Inc. Announces Bought Deal Private Placement Canada NewsWire MONTREAL...
About this update from Nanoxplore, Inc.
[{"type":"text","content":"\n\n\n\nNanoXplore Inc. Announces Bought Deal Private Placement\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\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, March 5, 2018\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISTRIBUTION WITH UNITED STATES NEWSWIRE SERVICES/\n\n\n\nMONTREAL, March 5, 2018 /CNW/ - NanoXplore Inc. (\"Nanoxplore\" or the \"Company\") (TSX-V: GRA) – announced that it has entered into an agreement with a syndicate of underwriters co-led by Paradigm Capital Inc. and GMP Securities L.P. (the \"Underwriters\") for a \"bought deal\" private placement offering of units of the Company (the \"Units\") at a price per unit of $1.65 (the \"Unit Price\") for aggregate gross proceeds of approximately $8 million (the \"Offering\"). Each Unit will be comprised of one common share of the Company and one half of one common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $2.30 or a period of 24 months following the Closing Date (as defined below), and will be subject to accelerated expiration if the closing price of the Company's common shares on the TSX Venture Exchange (or equivalent Canadian exchange) is equal to or greater than $3.45 per common share for a period of 20 consecutive trading days.\n\nTwo existing shareholders of the Company, Mason Graphite Inc. and Martinrea International Inc., have indicated their intention to participate in the Offering.\n\nThe Company has granted the Underwriters an option, exercisable, in whole or in part, at any time up to 48 hours before the closing of the Offering, to purchase up to an additional 1,212,200 Units at the Offering Price for additional gross proceeds of approximately $2,000,000.\n\nThe closing of the Offering is subject to the completion of formal documentation, including but not limited to, the execution of an underwriting agreement with the Underwriters in connection with the Offering and receipt of any required regulatory approvals, including approval of...