News Release
Nano One Announces $3.0 Million Placement
August 22, 2017 TSX-V Symbol: NNO
Frankfurt Symbol: LBMB
OTC Symbol: NNOMF
Vancouver, B.C.: Nano One Materials Corp. (“Nano One” or the “Company”) is pleased to announce that it has arranged a non-brokered private placement of up to 3,000,000 units of the Company (the “Units”) at a price of $1.00 per Unit for gross proceeds of up to $3,000,000. Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant will entitle the holder to purchase an additional common share at a price of $1.25 for a period of 24 months from the closing date. The proceeds of this private placement will be used for technology and corporate development, and general working capital. In connection with the private placement, the Company may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.
The shares issued pursuant to the private placement will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the private placement. Closing of the private placement is subject to receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
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. The pilot plant is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP). Nano One also receives financial support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). 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
