Nasdaq GlobeNewswire

Gratomic Announces Over-Subscription of Non-Brokered Private Placement

Del

TORONTO, July 31, 2018 (GLOBE NEWSWIRE) -- Gratomic Inc. (“GRAT” or the “Company”) (TSX-V:GRAT) (FRANKFURT:CB81) (WKN:A143MR) is pleased to announce that the offering of a non-brokered private placement announced on July 20, 2018 has been over-subscribed and the Company will be offering up to 25,000,000 working capital units (the “WC Unit”) for up to $2,500,000 (the “Offering”).

Each WC Unit is priced at $0.10 and consists of one (1) common share and one (1) common share purchase warrant (“WC Warrant”). Each WC Warrant entitles the holder to purchase one (1) common share (a “WC Warrant Share”) at a price of $0.20 per WC Warrant Share until the earlier of: (i) three (3) years following the Closing of the Offering; and (ii) in the event that the closing price of the Common Shares on the TSX Venture Exchange is at least $0.30 for ten (10) consecutive trading days, and the 10th trading day (the “Final Trading Day”) is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day.

Eligible Finders may receive 5% of the value of proceeds of the sale of  WC Units in cash and 5% of the number of WC Units sold in the form of broker warrants (the “Selling Commission”). Each broker warrant (a “Broker Warrant”) issued in respect of the sale of WC Units entitles the holder to acquire one (1) common share of the Company at $0.10 for a period of three (3) years from the Closing of the Offering. The Company has agreed to pay First Republic Capital Corporation (“First Republic”) a corporate finance fee equal to 2% of the gross proceeds of the Offering and issue to First Republic corporate finance Broker Warrants equal to 2% of the aggregate number of WC Units as consideration for waiving its right of first refusal in respect of the Offering. First Republic will have the right to place up to $400,000 of the Offering with its clients and will receive a Selling Commission in respect of any WC Units placed.

The Offering is expected to close on August 3, 2018, subject to TSX Venture Exchange approval, or such other date as is agreed between the Company and the subscribers. All securities issued under the Offering are subject to a statutory four month hold period.

Insiders of the Company and their affiliates may subscribe for up to $600,000 of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which may be issued to the insiders does not exceed 25% of its market capitalization.

About Gratomic Inc.

Gratomic Inc. is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products.

For more information: visit the website at www.gratomic.ca or contact: Arno Brand, Co-CEO +1 416-561-4095 abrand@gratomic.ca

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 this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Om Nasdaq GlobeNewswire

Nasdaq GlobeNewswire
Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

+1 212 401 8700http://www.nasdaqomx.com

NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.

Følg saker fra Nasdaq GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Nasdaq GlobeNewswire

Glatfelter’s Composite Fibers Business Unit Announces 7% Price Increase23.10.2018 16:37Pressemelding

GERNSBACH, Germany, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT) announced today its Composite Fibers Business Unit will increase prices by 7% for all its products, effective November 19, 2018. The decision is a direct result of substantial and ongoing global price increases for key raw materials including pulp, synthetic fibers, viscose and other chemicals. Furthermore, the Company does not see any near-term relief from this input cost inflation. Escalating energy and transportation costs further compound the inflationary situation. “Glatfelter has made extensive efforts to reduce costs and increase efficiency,” said Martin Rapp, Senior Vice President and Business Unit President, Composite Fibers. “However, these initiatives alone are not enough to offset the impact of the external pressures. Therefore, we are implementing price adjustments to ensure our continued ability to supply best-in-class products, innovation and service.” About Glatfelter Glatfelter is a leading gl

Elite Capital & Co. Limited Awarded the “Best Project Management & Finance Company UK 2108” by Global Banking & Finance Review23.10.2018 16:10Pressemelding

LONDON, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Mr. George Matharu, President of Elite Capital & Co. Limited (ECC), announced today that the success of being in the Global Banking & Finance Review Magazine’s 2018 Awards List was the result of enormous effort and teamwork within the company since it was founded in 2012. These Awards were established to reward excellence and recognize best practice and innovation across the Worldwide business community. Global Banking & Finance Review celebrate those who have attained the peak of achievement in terms of distinction and market influence. The list mirrors the nominations, suggestions and contributions of the readership and analyses new trends to uncover the best and the brightest pioneers in business today. This is recognition of ECC’s drive to design solutions for clients after they have exhausted traditional funding sources and methods. Elite Capital & Co. Limited is a private limited company that provides project related services including Ma

Aryaka Announces Expanded Cloud Offerings with Oracle FastConnect23.10.2018 15:00Pressemelding

Global enterprises can combine fast deployment, application performance, and security in a fully-managed service with direct connections to Oracle Cloud Infrastructure SAN MATEO, Calif., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Aryaka®, a leading global SD-WAN provider and Silver level member of Oracle PartnerNetwork (OPN), today announced it will offer dedicated and private access to the Oracle Cloud through Oracle Cloud Infrastructure FastConnect. With Aryaka’s SD-WAN as a Service and Oracle Cloud Infrastructure FastConnect, enterprises can now access their applications in the Oracle Cloud through private connections facilitated by Aryaka. Using Aryaka’s software-defined private network results in higher reliability, faster application performance, lower latencies, and higher security than typical connections over MPLS or the public Internet. Support for Oracle Cloud Infrastructure FastConnect is an integral part of Aryaka’s SD-WAN for Multi-Cloud solution which allows customers to connect

Compuware and CollabNet VersionOne Announce Integration of ISPW and Continuum23.10.2018 15:00Pressemelding

Partnership Enables Value Stream Management with Unified View of Cross-Platform Development and Deployment Application Development and Delivery Professionals are under pressure to track the progress of code deliverables across the DevOps lifecycle based on their value to the business. Large enterprises are additionally seeking increased visibility and control over agile development work across all platforms—from inception to delivery. The integration of ISPW, Compuware’s DevOps-enabled source code management solution for the mainframe, and CollabNet VersionOne’s Continuum release delivery platform, will serve this customer need. LAS VEGAS, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Compuware and CollabNet VersionOne today announced the completed integration of their respective products, ISPW and Continuum. The companies previously announced they were partnering to help large enterprises unify their Value Stream Management (VSM) by incorporating their critical mainframe software development acti

Hitachi Vantara Completes REAN Cloud Acquisition23.10.2018 15:00Pressemelding

Deal Strengthens Hitachi Vantara’s Ability To Accelerate Customers’ Digital Transformation Journeys SANTA CLARA, Calif., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced the completion of its acquisition of REAN Cloud LLC, a global cloud systems integrator, managed services provider and solutions developer of cloud-native applications across big data, machine learning and emerging internet of things (IoT) spaces. Through this acquisition, Hitachi Vantara gains critical capabilities and industry-leading expertise in cloud migration and modernization, instantly elevating its cloud offering portfolio and managed services capabilities. Directly complementing the strength of its Hitachi Enterprise Cloud (HEC) and on-premises deployments, Hitachi Vantara’s solutions offer unified cloud management for workloads across public, private and hybrid cloud environments. By combining REAN Cloud’s expertise in public cloud and

Must Read Whitepaper, ‘Making Money With Network Slicing’, Hits The Shelves23.10.2018 10:00Pressemelding

Network Slicing Leader Cloudstreet Showcases the Vast Opportunities of this Promising New Mobile Business Model Espoo, Finland & Berlin, Germany, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Cloudstreet, ‘The Network Slicing Company’, is pleased to announce the publication of its most recent industry whitepaper, “Making Money with Network Slicing”. A business-forward take on the practice, the paper puts slicing at the very center of the mobile industry’s transition now underway. With a focus on practical, market-ready models, the authors unravel the misconceptions about Network Slicing, exploring its potential to disrupt the cultural and business logjams that have hampered growth. Less about technology than a new way of doing business, Network Slicing has quickly risen from a mere buzzword to a budget line item, as mobile operators retool for the opportunities to come “Inherently disruptive, it will create new business ecosystems to support unique and evolving demands that touch quite literally e

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom