/NOT FOR DISTRIBUTION TO THE
The Underwriters have been granted an option (the "Over-Allotment Option") by the Company to purchase up to an additional 1,500,000 Common Shares at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Common Shares as determined by the Underwriters upon written notice to the Company at any time up to 30 days following the Closing Date (as defined below).
The Company intends to use the net proceeds of the Offering for battery initiatives, debt reduction, sales and marketing of graphene and for general corporate purposes.
The Company has agreed to grant the Underwriters a cash commission payable on the Closing Date of the Offering equal to 5.0% of the aggregate gross proceeds of the Offering (including the Over-Allotment Option), other than in respect of Common Shares subscribed for by certain investors (the President's List), in which case a cash commission equal to 2.0% of such amount shall be paid to the Underwriters.
The Offering will be completed (i) by way of a short form prospectus to be filed in all of the provinces of
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in
The Offering is expected to close on or about
In a separate transaction that is expected to close concurrently with the Offering, Mr.
About
Forward-looking Statements
This press release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as "anticipate", "believe", "continue", "could", "estimate", "foresee", "grow", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes and in this press release relate to the closing of the Offering and of the Concurrent Sale, the use of proceeds from the Offering, the participation of certain named parties in the Offering and the approval of the TSX-V.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in
Neither TSX-V nor its Regulation Services Providers (as that term is defined in the polices of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
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