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
Daniel.stolyarov@graphene3Dlab.com. For investor relations contact Paul
Thomson at 631-405-5114 or email investors@graphene3Dlab.com.
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