GPHBF - G6 Materials Enters Into $1.0 Million Debt Facility
(TheNewswire)
Revolving loan supports itsdevelopment of graphene-based air purification products
Ronkonkoma, New York, USA - TheNewswire - October 8, 2020 - G6Materials Corp. ("G6" or the "Company") (TSXV:GGG ) , ( OTC:GPHBF) , a technology company and world-leader in creating valuethrough innovative graphene-based solutions , is pleased to announce that it recentlyentered into a loan agreement (the "Loan") with an arm'slength third-party company (the "Lender"). Under the termsof the Loan, the Lender will provide G6 with an aggregate principalamount of up to US$1.0 million dollars on an unsecured basis for aone-year term. Further, the principal advanced under the facility willaccrue interest at a rate of 5.0% per annum, among other costs, withthe Loan's proceeds being used by the Company for general workingcapital purposes.
"We are excited to gain access to this debtcapital as it enables G6 to continue pursuing our short-term goal ofdeveloping graphene-based air purification products to capture anddestroy viruses and other bioaerosols, which current products on themarket are generally unable to accomplish," said DanielStolyarov, President & CEO of G6 Materials Corp. "Weappreciate the Lender's support and look forward to using thisnon-dilutive capital to increase the value of the Company for ourshareholders," added Mr. Stolyarov.
Additional details regarding the Loan can be found inthe Company's documents filed under its profile on SEDAR at www.sedar.com .
About G6 Materials Corp.
G6 Materials Corp. is a technology company andworld-leader in creating value through innovative graphene-basedsolutions. The Company is strategically focused on serving the globalair filtration and purification market with new products to meetgrowing demand. G6 also sells a range of graphene-based products andother materials, including but not limited to 3D printing materials,conductive epoxies, fine chemicals, high performance composites andR&D materials, with numerous customers from among the Fortune 500list of companies, as well as NASA and leading universities.
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. Located in Ronkonkoma, New York, its premiumresearch laboratory and scalable production facility is equipped withadvanced analytical and material processing equipment.
The Company's e-commerce websites are listedbelow:
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- 3D Printing: 3D printable filaments can be purchasedat BlackMagic3D.com
- 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 may contain forward-lookingstatements. Forward-looking statements are statements that relate tofuture, not past, events. In this context, forward-looking statementsoften address a company's expected future business and financialperformance, and often contain words such as "anticipate,""believe," "plan", "estimate","expect", and "intend", statements that an actionor event "may", "might", "could","should", or "will" be taken or occur, or othersimilar expressions. By their nature, forward-looking statementsinvolve known and unknown risks, uncertainties and other factors whichmay cause our actual results, performance or achievements, or otherfuture events, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks: the risks associated with outstanding litigation, ifany; risks associated with adoption by industries of graphene-basedproducts health and environmental factors affecting adoption of thesetechnologies; reliance on key personnel; the potential for conflictsof interest among certain officers, directors or promoters withcertain other projects; the absence of dividends; competition;dilution; the volatility of our common share price and volume; and taxconsequences to U.S. Shareholders. Forward-looking statements are madebased on management's beliefs, estimates and opinions on the date thatstatements are made, and the Company undertakes no obligation toupdate forward-looking statements if these beliefs, estimates, andopinions or other circumstances should change. Investors are cautionedagainst attributing undue certainty to forward-looking statements.Albeit the operation of newly suggested products are based on strongscientific evidence, the Company cannot guarantee the performanceparameters of the new products and their efficiency against thespecific microbes including all types of viruses and bacteria untiltesting is completed. Further, the Company can not guarantee anyoutcomes of such testing.
Neither the TSX Venture Exchange nor its regulationservices provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
Commercial Inquiries
Daniel Stolyarov, President & CEO
Telephone: (631) 405-5113
Email: daniel.stolyarov@graphene3Dlab.com
Investor Inquiries
G6 Investor Relations
Telephone: (631) 405-5114
Email: investors@graphene3Dlab.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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