Tickers: XOTC:GPHBF, XTSX:GGG
September 30, 2019 - TheNewswire - Vancouver, BC - Graphene 3D Lab Inc. (the "Company" or "Graphene") (TSXV:GGG) (OTC:GPHBF) is pleased to announce its intention to raise C$175,000 by way of a non-brokered private placement. The Company will issue up to 3,500,000 Units for total gross proceeds of up to C$175,000 at a price of $0.05 per unit.
Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.12 per share. If the common shares trade on the TSX Venture Exchange at a volume weighted-average price of $0.16 or more per common share for any period of at least ten consecutive trading days after four months plus one day from the initial closing date, the Company shall be entitled to accelerate the expiry time of the warrants to a date that is at least thirty days from the date that notice of such acceleration is given via news release by the Company, with the new expiry time specified in such news release.
The Company intends to use the proceeds of the private placement for general working capital purposes.
The closing of the Private Placement is expected to occur on or about October 10 and is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. There is no material fact or material change regarding Graphene that has not been generally disclosed.
Graphene 3D Lab, Inc. is capitalizing on groundbreaking properties of graphene and other advanced materials. The company is offering high-tech solutions in several areas including:
R&D Materials: These diverse materials have a wide spectrum of commercial, research, and military applications. The Company's wholly-owned subsidiary, Graphene Laboratories Inc., currently offers over 100 graphene and related products to a client list comprised of more than 14,000 customers worldwide, including nearly every Fortune 500 tech company and major research university. Some notable clients are: NASA, Ford Motor Co., GE, Apple, Xerox, Samsung, Harvard University, IBM, and Stanford University. The Company's suite of products is available online at the company's e-commerce platform Graphene Supermarket (Graphene-Supermarket.com).
3D Printing: The 3D printing division of the Company offers a portfolio of 3D printable filaments. These materials can be purchased through multiple distribution networks worldwide or directly from the web-store: BlackMagic3D.com
High Performance Epoxies: Adhesive materials produced by the company are distributed under G6-EpoxyTM trade name and can be purchased at g6-epoxy.com
Fine Organic Chemicals: ChemApproachTM is a worldwide supplier of a wide variety of building blocks to R&D facilities in pharmaceutical and agriculture industries, academic institutions, biotechnology, and Hi-Tech companies. This division of Graphene 3D Lab offers a plethora of the substituted aromatic and heterocyclic compounds. Most of these molecules can be further synthesized as medicinally relevant drug candidates. The production scale varies from grams to multi-kilograms quantities. The division's main expertise lies in the introduction of the various substituents to aromatic rings, a large variety of functional group transformations, and a selective incorporation of halogens in organic molecules, particularly, iodine. These classes of organic molecules have a wide range of application in drug-design, biochemistry, polymer chemistry, electronics and energy. www.ChemApproach.com
The Graphene 3D facility is located in Ronkonkoma, NY and is equipped with material processing and analytical equipment. The company has eight US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
For More Information:
Chief Executive Officer
Telephone: (631) 405-5113
Telephone: (631) 405-5114
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