TSX-V: GGG, OTCQB: GPHBF
/NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA/
VANCOUVER and NEW YORK, Dec. 18,
2015 /CNW/ - Graphene 3D Lab Inc. (TSXV: GGG)
("Graphene 3D" or the "Company") has closed the previously
announced non-brokered private placement which was further
increased to 4,300,000 units (collectively, the "Units") at
CAD$0.25 per Unit, raising
CAD$1,075,000 in gross
proceeds. Each Unit consists of one common share and one
non-transferable share purchase warrant (collectively, the
"Warrants"). Each Warrant will entitle the holder to purchase
one additional common share of Graphene 3D at a price of
CAD$0.30 per share until December 18, 2017. Graphene 3D has paid
cash finder's fees equal to 7% of the gross proceeds raised in
connection with the financing to arm's length finders in accordance
with the policies of the TSX Venture Exchange. All of the
securities issued pursuant to this offering have a hold period
expiring April 19, 2016.
The net proceeds of this financing will be used for expansion of
the Company's business and for general working capital
purposes.
About Graphene 3D
Graphene 3D is BC company whose common shares are listed on the
TSX Venture Exchange, which now owns all of the issued and
outstanding shares of Graphene 3D Lab (U.S.) Inc., a private
Delaware corporation, organized on
September 3, 2013 ("Graphene
US"). Graphene US is in the business of developing,
manufacturing, and marketing proprietary polymer nanocomposite
graphene-based materials for various types of 3D printing,
including fused filament fabrication as well as the design,
manufacture and marketing of three-dimensional printers and
products for worldwide customers, including in the aerospace and
automotive industries, manufacturers of medical prosthetics and the
military. Graphene US currently has six US patent
applications pending for its technology. For more information on
Graphene 3D Lab Inc., visit www.graphene3dlab.com.
FORWARD LOOKING INFORMATION
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE Graphene 3D Lab Inc.