Nano One Receives over $847,368 From Warrant Exercise
09 March 2017 - 12:02AM
Nano One Materials Corp. (TSX-V:NNO)
(Frankfurt:LBMB) (OTCBB:NNOMF) announced that the Company has
received aggregate proceeds of $847,368 since January 1st 2017 from
the exercise of warrants which expired on March 5, 2017. Nano One
has issued 1,694,738 common shares from its Treasury for these
warrants. Proceeds raised are for general working capital purposes.
Nano One CEO Dan Blondal says that “The support
we have received from our shareholders has been exceptional and
reflects the hard work the Nano One team has invested to date.
Since going public in March 2015 we have seen 95% of our issued
warrants exercised which is fantastic.” Dan Blondal also said “The
additional capital strengthens our balance sheet as we proceed to
increase shareholder value by hitting our milestones and displaying
how we plan to disrupt the battery materials sector in a positive
manner. 2017 will be an exciting year for the company and our
shareholders.”
As of March 8th 2017 there are no warrants
outstanding.
Nano One Materials Corp.
Dan Blondal, CEO
For information with respect to Nano One or the
contents of this news release, please contact John Lando
(President) at (604) 669-2701 or visit the website
at www.nanoone.ca.
About Nano One:
Nano One Materials Corp (“Nano One” or “the
Company”) is developing patented technology for the low-cost
production of high performance battery materials used in electric
vehicles, energy storage and consumer electronics. The processing
technology addresses fundamental supply chain constraints by
enabling wider raw materials specifications for use in lithium ion
batteries. The process can be configured for a range of different
nanostructured materials and has the flexibility to shift with
emerging and future battery market trends and a diverse range of
other growth opportunities. The novel three-stage process uses
equipment common to industry and Nano One is building a pilot plant
to demonstrate high volume production. Nano One’s mission is to
establish its patented technology as a leading platform for the
global production of a new generation of nanostructured composite
materials. For more information, please visit www.nanoone.ca.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the actual receipt of the
grant monies, the execution of the Company’s plans which are
contingent on the receipt of such monies and the commercialization
of the Company’s technology and patents. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as 'believe', 'expect', 'anticipate', 'plan',
'intend', 'continue', 'estimate', 'may', 'will', 'should',
'ongoing', or variations of such words and phrases or statements
that certain actions, events or results “will” occur.
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements or
forward-looking information, including: the completion of final
documentation with SDTC and the receipt of all necessary regulatory
approvals. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. The Company does not
undertake to update any forward-looking statements or
forward-looking information that is incorporated by reference
herein, except as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
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