Nano One Receives over $847,368 from Warrant Exercise
March 8, 2017 (Source) — Nano One Materials Corp. (TSXV: NNO) (FSE: LBMB) (OTC Pink: 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
About Nano One:
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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.
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