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Bullboard - Stock Discussion Forum CEMATRIX Corp T.CEMX

Alternate Symbol(s):  CTXXF

CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. It is engaged in the supply and placement of cellular concrete. The Company’s cement-based material with thermal protection, which delivers a range of problems facing the infrastructure, industrial... see more

TSX:CEMX - Post Discussion

CEMATRIX Corp > CEMATRIX Completes Phase 2 and 3
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Post by tony08 on May 02, 2022 5:15pm

CEMATRIX Completes Phase 2 and 3

CEMATRIX Completes Phase 2 and 3 of Its Strategic Investment in Glavel
 
CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) (" CEMATRIX " or the " Company "), a North American leading manufacturer and supplier of technologically advanced cellular concrete products, announces that it has completed Phase 2 and 3 of its strategic investment commitment in Glavel, Inc. (“ Glavel ”). CEMATRIX’s investment to date in Glavel (the “Investment ”), is USD $1.68 Million of the total USD $4 Million committed.
 
Under Phase 2, CEMATRIX advanced USD $625,000 to Glavel for the deposit on equipment to be used to expand production at Glavel’s manufacturing facility in Vermont. The investment was by way of a Convertible Note (the “Note”) and will bear at 8% interest rate per annum. The Note matures April 20, 2025 and is convertible at $2.11 per share into 295,648 common shares of Glavel at any time up to maturity. As part of this investment, CEMATRIX received warrants to purchase up to 36,982 common shares of shares of Glavel for a period of 1.5 years from the date of issuance for an exercise price of USD $1.69. Accrued interest is also convertible into common stock of Glavel at the same rate as the principal portion under the Note.
 
Under Phase 3, CEMATRIX advanced USD $500,000 to Glavel in return for 236,518 Preferred Shares. These funds were advanced as additional working capital. The Preferred shares are convertible into common shares of Glavel at any time on a one for one basis. Upon completion of these two phases of financing, Jeff Kendrick, President and CEO of CEMATRIX, was provided a seat on the three member Board of Directors of Glavel.
 
“CEMATRIX is pleased to announce that Glavel commissioned its first kiln in March; and are beginning to fill purchase orders and build a backlog,” stated Jeff Kendrick, CEO at CEMATRIX. “Glavel has met the requirements for CEMATRIX to fund the next phases of its planned investment and accordingly, CEMATRIX completed the next phases of its strategic investment commitment to Glavel.”
 
“This portion of CEMATRIX’s investment will enable Glavel to order the equipment to double its manufacturing capacity and have it installed and operational in early 2023. The continued investment will also enable Glavel to strengthen its sales, marketing and technical support team,” continued Mr. Kendrick. “Glavel’s vision to supply a premium, environmentally friendly product from recycled glass, manufactured using clean energy for green infrastructure and building construction markets throughout North America is now a reality . Glavel’s vision also aligns with the vision of CEMATRIX, which is to provide our clients with the highest quality and most environmentally conscious options available to the market. As such, we believe our two product lines are the future of the lightweight materials market in North America.”
 
“With CEMATRIX’s continued support, we are pleased to be implementing the next stage of our business plan,” stated Rob Conboy, CEO of Glavel Inc. “This next stage includes the strengthening of our sales and technical team, and the purchase and installation of the second line in our Vermont manufacturing facility. The completion of the second line will help Glavel meet the growing demand for our foam glass products throughout the Northeast U.S. We continue to be excited about our future and that CEMATRIX is now an integral part of our environmentally conscious vision. With the addition of Jeff Kendrick to our board of directors we are even more confident in our ability to navigate this phase of our business development.”
Comment by kingscorpion on May 02, 2022 8:47pm
Well it is NO wonder Glavel will be a huge success for CVX. Already the 1st kiln went into operation in March and already filling orders and building a back log!! This NR came after market close, so let's see how CVX shares react tomorrow!! I see.this as a good news so dont be shocked to see CVX shares up .02 to .03c tomorrow. Next year they plan to have the 2nd kiln in operation. Each kiln ...more  
Comment by tony08 on May 02, 2022 9:55pm
Don't forget that in his latest video, Jeff Kendrick talked about expanding to 5 plants or more with Glavel in near future. He also said that each plant represents two lines of production, such as these two lines that they will have very soon.   What I still don't know is the number of shares that Cematrix receives in return......is it correct? I leave this decision to the ...more  
Comment by kingscorpion on May 03, 2022 12:26am
I think this is most of the deal if not all the deal of Glavel. The Glavel Investment will be completed in stages and be comprised of the purchase of equity securities, convertible notes, and warrants. The first stage of the investment will commence with the acquisition of 265,061 Series Seed Convertible Preferred Stock at a price of USD $2.114 per Share for an aggregate purchase price of USD $560 ...more  
Comment by kingscorpion on May 03, 2022 10:02am
Ohh man I forgot I mean, now that kendricks is sitting on both CVX and Glavel boards, who is to say he won't merge both companies down the road when Glavel is making $15 to $20 mil per annum or higher. Yes, if I was sitting on multiple boards I too would try to merge CVX and Glavel when Glavel has achieved certain revenue milestone. So that's why for now it's an investment but ...more  
Comment by yoshka2000 on May 03, 2022 12:31pm
Dreamer ,..and sitting on more than one board doesn't mean a thing except he's being paid by both companies and has self interest? How many years down the road before Glavel see's 15-20 mil. before considering partnership? What do we invest in the meantime fortune teller?
Comment by kingscorpion on May 03, 2022 12:52pm
Why don't you call your twin brother to speak for you next time little troll. If you don't like it then move on to something else
Comment by Undertaker on May 03, 2022 1:09pm
To the  dirty dog  yoshka2000 ,I would love to see you to blast Sh@it out of you, you have very low self esteem, that why you are f@ckin negative, drink liquid draino, good solution for you 
Comment by kingscorpion on May 03, 2022 1:24pm
</br ohh sitting on more than one board doesn't mean a thing you say little yoshki. and yet cvx plans to own all the way up to 45% of glavel and on top, will be allowed to make further investments in glavel what does that mean little yoshki-mo>
Comment by kingscorpion on May 03, 2022 1:28pm
So little Yoshki being member of multiple boardrooms mean nothing you say, yet CVX plans to own all the way up to 45% of Glavel, and on top of that will be allowed to make FURTHER INVESTMENTS in Glavel. Tell us little yoshki-mo What does all this mean when CVX also say CVX will be allowed to make further investments
Comment by Lou793 on May 03, 2022 2:12pm
So we get to .31 and someone/group wants to dump 30 k in shares at .30.  I guess we get rid of all the weak hands.
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