GPHBF - G6 Materials Announces Successful Closing of $5.4 Million Non-Brokered Equity Financing
(TheNewswire)
Unit Offering Increased Due to StrongInvestor Demand from $5 Million Initial Target
Vancouver, British Columbia – The Newswire – April 12, 2021 - G6Materials Corp. (“G6” or the “Company”) (TSXV:GGG ) ( OTC:GPHBF) , a technology company creatingvalue through the development of innovative graphene-basedsolutions , is pleased to announce that it hasclosed its non-brokered equityfinancing previously announced on March 15, 2021 (the “Offering”). Pursuant to theOffering, G6 issued 27,071,000 units for gross proceeds of $5,414,200,which was increased due to strong investor demand from an initialtarget of $5,000,000. Each unit was priced at $0.20 and was comprisedof one common share of the Company and one-half of one warrant topurchase a common share of the Company at a price of $0.30 for aperiod of 2 years from the closing date of the Offering.
“The closing of this Offering is a significantmilestone for G6 Materials as it not only funds our Company for futuregrowth, but it also empowers us to complete the previously announcedacquisition of GX Technologies,” said Daniel Stolyarov, President& CEO of G6 Materials Corp. “ We areexcited to deploy the proceeds of the Offering toward the rapidexpansion of a pilot facility to produce graphene oxide in LongIsland, New York, to progress the cooperative R&D agreement withthe US Army Corps of Engineers. The Company will continue working onits projects including advanced graphene composite materials, grapheneoxide-based air purification projects, as well as other innovativeinitiatives ,” added Mr. Stolyarov.
All securities issued will be subject to a four-monthhold period expiring on August 13, 2021. $231,300 and 1,156,500 warrants were paid by the Company tovarious third parties for their direct efforts in attracting investorsto the Offering.
About G6 Materials Corp.
G6 Materials Corp. is a technology company creatingvalue through the development of innovative graphene-based solutions.Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells arange of graphene-based products and other materials, including butnot limited to conductive epoxies, fine chemicals, high performancecomposites and R&D materials, with numerous customers from amongthe Fortune 500 list of companies, as well as NASA and leadinguniversities. Graphene Laboratories Inc. is developing otherinnovative products including graphene-enhanced air purifiers and ithopes to enter the global filtration market once all testing iscomplete and applicable government approvals are received.
G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprised of three granted patents,three provisional patents and five patent applications filed. TheCompany’s management team and employees have a deep understanding ofgraphene technology based on decades of aggregate academic andcommercial experience. Graphene Laboratories Inc., a wholly ownedsubsidiary of G6 located in Ronkonkoma, New York, has established itspremium research laboratory and scalable production facility isequipped with advanced analytical and material processing equipment.
The Company’s e-commerce websites are listedbelow:
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- Conductive Epoxies: Adhesive materials distributedunder the G6-Epoxy TM trade name and can be purchased at g6-epoxy.com
- Fine Chemicals: ChemApproach is a worldwide supplierof a wide variety of unique chemical building blocks, which can befound at chemapproach.com
- R&D Materials: Graphene Laboratories Inc.currently offers over 100 graphene and related products available at Graphene-Supermarket.com
Forward-Looking Information
This news release contains forward-looking statements within the meaning of the applicablesecurities legislation that is based on expectations, estimates andprojections as at the date of this news release. By their nature, forward-looking statements involve known andunknown risks, uncertainties and other factors which may cause actualresults, performance or achievements, or other future events, to bematerially different from any future results, performance orachievements expressed or implied by such forward-looking statements.“Forward-looking information” in this news release includesinformation about the acquisition of GX Technologies; the use ofproceeds of the Offering toward the rapid expansion of a pilotfacility to produce graphene oxide in Long Island, New York; thepotential for the Company’s long-term growth; the business goals andobjectives of the Company, and other forward-looking informationincludes but is not limited to information concerning the intentions,plans and future actions of the parties to the transactions describedherein and the terms thereon.
Risk factors that could cause actual results to differmaterially from those described in such forward-looking informationinclude, but are not limited to, the acquisition of GX Technologiesmay not complete on the terms currently anticipated, or at all; thecombined company may not expand is pilot facility to producegraphene oxide in Long Island, New York on the terms currentlyanticipated, or at all; the combined company may not achieve its keymilestones and value drivers in the timeestimated, or at all; the risks associated with outstandinglitigation, if any; risks associated with adoption by industries ofgraphene-based products health and environmental factors affectingadoption of these technologies; the company may fail to obtainappropriate government approvals or accreditation related to thebusiness’ operations and technological processes; the marketconditions and demand for its product as well as the market prices ofsuch products being developed by the company may change over time;reliance on key personnel; the potential for conflicts of interestamong certain officers, directors or promoters with certain otherprojects; the absence of dividends; competition; dilution; thevolatility of our common share price and volume; and tax consequencesto U.S. shareholders.
In connection with the forward-looking informationcontained in this news release, the Company has made assumptions aboutthe ability to complete the acquisition of GXTechnologies , including obtaining TSXV finalacceptance; the benefits to completing theacquisition of GX Technologies ; and there willbe no regulation or law that will prevent the combined company fromoperating its business. The Company has also assumed that nosignificant events occur outside of the G6 and GX’s normal course ofbusiness.
The Company undertakes no obligation to revise orupdate any forward-looking information other than as required bylaw.
Neither 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 thisrelease.
Commercial Inquiries
Daniel Stolyarov, President & CEO
Telephone: (631) 405-5113
Email: info@g6-materials.com
Investor Inquiries
G6 Investor Relations
Telephone: (631) 405-5114
Email: investors@ g6-materials.com
ON BEHALF OF THE BOARD: Daniel Stolyarov, President& CEO
SOURCE: G6 Materials Corp.
For more information on G6 Materials Corp., pleasevisit www.G6-Materials.com or its profile page on SEDAR at www.sedar.com .
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