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Message: Graphene 3D Lab Lists on the TSX Venture Exchange Following a Reverse Takeover..
Graphene 3D Lab Lists on the TSX Venture Exchange Following a Reverse Takeover and Creates Windfall for Lomiko Metals - Video News Alert on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2014) - Graphene 3D Lab (TSXV: GGG) is one of the latest new listings on the TSX Venture Exchange, having previously traded as MatNic Resources (TSXV: MIK), prior to completion of a reverse takeover.
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In connection with the transaction, the public company issued 25.6 million shares, in addition to warrants to acquire a further 4.5 million shares at $0.07 per share until March 25, 2017, with 21.3 million shares currently subject to escrow.
The company also completed a private placement of 7.2 million shares at $0.25 per share, raising gross proceeds of $1.8 million.
Graphene 3D Lab is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing, including fused filament fabrication. The Company is also involved in the design, manufacture, and marketing of 3D printers and related products for domestic and international customers, including those in the aerospace and automotive industries, manufacturers of medical prosthetics, and the military.
Daniel Stolyarov, President & CEO of Graphene 3D Lab stated: "Becoming listed on the TSX Venture Exchange is an important milestone for Graphene 3D Lab. Access to the Canadian capital markets gives us the opportunity to rapidly commercialize our technology. The company's vision is to use graphene enhanced materials in developing cutting edge 3D printing technologies for manufacturing functional devices in a onestep process. Net proceeds from the offering will be used to set up a facility for large-scale production of graphene-enhanced 3D printing materials, as well as continuation of our R&D efforts and the expansion of our team."
The company has proprietary technology which management believes has the potential to bring 3D printing to the next stage of commercial development and create new markets. The company has two US patent applications pending for its technology.
The Graphene 3D Lab facility is located in Calverton, NY and is equipped with material processing and analytical equipment.
Lomiko Metals (TSXV: LMR) (FSE: DH8B) received TSX Venture Exchange approval for its acquisition of 1,200,000 common shares of MatNic Resources at $0.25 per share. The transaction was subject to MatNic Resources Inc. receiving regulatory approval to a reverse takeover by Graphene 3D Labs Inc.
Lomiko now holds 4,396,970 common shares of Graphene 3D representing approximately 11.23% of the outstanding Shares of Graphene 3D. Of these shares, 3,196,970 were acquired at a deemed price of $0.075.
The shares are trading at $1.03 and with 39.2 million shares currently outstanding, the company is capitalized at $40.4 million.
For more information, please visit the company's website www.graphene3Dlab.com. For commercial inquiries contact Daniel Stolyarov, President & CEO at 631-405-5116 or email [email protected]. For investor relations contact Paul Thomson at 631-405-5114 or email [email protected].
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Barry Morgan, CFO
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