Tickers: XOTC:GPHBF, XTSX:GGG
Tags: Mining
Calverton, NY / TheNewswire / December 20, 2017 - Graphene 3D Lab Inc. (the "Company" or "Graphene 3D Lab") today gives notice that market conditions have triggered the acceleration expiry of 11,090,010 common share purchase warrants in connection with an approved warrant amendment announced on Nov 22, 2017.
Because the closing price of the shares exceeds the exercise prices that has been set to $0.12 per common share by more than 25% for more than ten consecutive trading days ("Premium Trading Days"), the condition for the acceleration of the expiry date is now met and the expiry date is now set to January 18, 2018. Any remaining warrants unexercised prior or at this expiry date this will be cancelled after this date.
Warrants subject to the acceleration are as follows:
- 4,300,000 warrants issued in a private placement closed December 18, 2015
- 3,496,260 warrants issued in a private placement closed July 11, 2016
- 3,293,750 warrants issued in a private placement closed in two tranches on September 13, 2016 and September 29, 2016
About Graphene 3D Lab, Inc.
Graphene 3D Lab, Inc. is a world leader in the development, manufacturing and marketing of proprietary composites and coatings based on graphene and other advanced materials. These diverse materials have a wide spectrum of commercial, research and military applications. The Company's wholly owned subsidiary, Graphene Laboratories Inc., currently offers over 100 graphene and related products to a client list comprised of more than 10,000 customers worldwide, including nearly every Fortune 500 tech company and major research university. Some notable clients are: NASA, Ford Motor Co., GE, Apple, Xerox, Samsung, Harvard University, IBM and Stanford University. The Company's suite of products are available online at the company's e-commerce platform Graphene Supermarket (www.graphene-supermarket.com).
The 3D printing division of the Company offers a portfolio of specialty fused filament fabrication filaments. These materials can be purchased through multiple distribution networks worldwide or directly online at www.blackmagic3D.com. Graphene 3D also holds a new proprietary technology encompassing the preparation and separation of atomic layers of graphene. This technological breakthrough represents a new, energy efficient process to manufacture, sort and classify graphene nanoparticles resulting in the potential for large scale production of high grade graphene at lower costs than exist in today's marketplace.
The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has six US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
ON BEHALF OF THE BOARD
Daniel Stolyarov, President & Co-CEO
For More Information:
Daniel Stolyarov Co-Chief Executive Officer Telephone: (631) 405-5113 | Jeffrey Dare Corporate Secretary Telephone: (778) 327-5799 Ext 308 |
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.
- THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE
AN OFFER OF THE SECURITIES DESCRIBED HEREIN-
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