Grafite e grafene i materiali del futuro ? (1 Viewer)

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Leading Edge Materials Receives Permit for Follow Up Drill Program at Bergby, Sweden
Published by Craig P at 11th July 2017
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Vancouver, Canada – Leading Edge Materials Corp. (“Leading Edge Materials”) or (“the Company”) (TSXV: LEM) (OTCQB: LEMIF) is pleased to announce the receipt of a new drilling permit for the Bergby lithium project in Sweden. The new permit allows for up to 48 additional drill sites, and the Company is targeting third quarter of calendar 2017 for drilling operations to commence.

The first drill program at Bergby (see Leading Edge Materials press releases dated April 25, June 5 and June 19, 2017) produced positive results and a follow up program is warranted. Li2O (lithium oxide) mineralization in pegmatite was intersected in 17 of the 18 holes drilled during this first program, and included high lithium grades and mineralized intervals exceeding 16m thickness (see Tables 1 and 2 in June 19 release). Encouragingly, lithium mineralized pegmatite was discovered at very shallow depths, extending from surface outcrop and dipping beneath thin glacial soil cover.

The proposed second phase drill program at Bergby will test along strike and down dip from previously drilled mineralization, as mineralization lies open in all directions. Lithium mineralized outcrops and boulders are known from a strike length of more than 1.5km, significantly exceeding the 600m of strike that has been drill tested to date. The lithium mineralized pegmatite dips at shallow depth, and multiple down dip holes are planned for each drill section.

A detailed program is now being prepared. A component of larger diameter drilling is planned to gain adequate sample for metallurgical testwork.

Blair Way, President and CEO, stated “Following on from the excellent results we received in the first Bergby drill program, our Swedish team has moved quickly to ensure we can continue our exploration at a fast pace. We now have a permit in place for an expanded drilling program that will test the along strike and down dip potential of the lithium mineralized pegmatite, both of which remain completely open.”

Bergby lies in central Sweden, 25km north of the town of Gavle, secured by three exploration licenses that cover a total of 1,903 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries. The potential for low cost and rapid development is significantly enhanced by the presence of a deep-water port only 5km from the site.

Europe is playing a leading role in the transition to low-carbon energy generation from renewable sources, and the efficient storage of that energy. Electric mobility (EV’s, HEV, PHEV’s) and stationary electricity storage are dependent on high purity graphite, lithium and cobalt, where Leading Edge Materials is an active European player. Lithium has a strong and expanding market, due to the essential role it plays in lithium-based batteries for the automotive, consumer product and stationary electrify storage industries. The high electrochemical potential of lithium results in the high power to weight ratio that is essential for efficient mobile batteries.

In corporate news, Leading Edge Materials advises of the resignation of Mr. Mikael Ranggard from the Board. Mr. Ranggard has played a critical role in the development of Leading Edge Materials, and he is thanked for his contribution. He shall continue to provide on-going consulting and advisory support to the Company.
 

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LOMIKO INCREASES STAKE IN LA LOUTRE AND LAC DES ILES


FLAKE GRAPHITE PROPERTIES FROM 40% TO 80% BY

COMPLETING APRIL 14, 2015 OPTION AGREEMENT

Vancouver, B.C and Montreal, Quebec July 19, 2017– Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR,

OTC: LMRMF, FSE: DH8C) and Canada Strategic Metals Inc. (“Strategic Metals””) (TSX.V: CJC; FSE:


YXEN; OTC-BB: CJCFF) are very pleased to announce Lomiko has completed all work and share

payments requirements to earn an 80% interest in the La Loutre Flake Graphite Property.

Lomiko and Canada Strategic Metals have previously signed an agreement to earn up to 100% of the La

Loutre and Lac Des Iles Properties dated May 16, 2016 and amended January 3, 2017.

On July 5, 2017 Chinese owned Volvo announced that all of its cars would be either electric or hybrids. On

July 6, 2017 Elon Musk’s Tesla also announced it would partner with French company Neoen to open the


biggest Lithium-ion Battery Plant in the world. This will result in increased demand for Li-ion batteries to

power these vehicles and demand for high quality battery materials such as lithium, cobalt and graphite.

Li-ion batteries requires spherical graphite for the anode portion of the battery.

A map of drill holes can be found under the heading Quicklinks: Refractory Zone 2017 Drill Map which


includes 2015 and 2016 results and highlights. Lomiko is currently working on metallurgy and graphite

characterization and will return to its drilling campaign in the Fall of 2017.

The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares

(28,67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the


Timcal Graphite Mine, North America’s only operating graphite mine, and 117 km northwest of Montreal.
 

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Zenyatta Announces the Formation of a Wholly Owned Subsidiary, ZEN-tech Materials Ltd., to Develop & Commercialize Graphene Related Opportunities



Thunder Bay, ON



25 July 2017



Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV: ZEN) is pleased to announce the formation of a wholly owned subsidiary called ZEN-tech Materials Limited (“ZEN-tech”) with a registration in England and Wales. ZEN-tech will focus on the development and commercialization activities of graphene applications and the allocation of any associated intellectual property (‘IP’) and worldwide licensing. The formation of ZEN-tech is a strategic move that will provide a vehicle to capture value and advance graphene application development separate from the mineral development Company. Zenyatta will continue to focus on advancing the Albany graphite deposit towards production and will supply highly crystalline, purified graphite to ZEN-tech, academics and end users.

"It has become apparent in the last 12 months that Zenyatta has created additional value from our global collaboration and development related to various graphene initiatives. It makes strategic sense to create a subsidiary to hold the various opportunities and handle these initiatives with our partners”, stated Aubrey Eveleigh, President & CEO of Zenyatta. “ZEN-tech has the advantage of developing proprietary graphene-based technology with a consistent supply of high-quality raw material from Zenyatta’s wholly owned Albany graphite deposit. We have demonstrated that Zenyatta’s graphite converts (exfoliates) easily via sonication to graphene, including mono-layer to tri-layer, has excellent dispersion properties and is highly suitable for many graphene and graphene-oxide applications.”

Graphene has shown to enhance the properties of many existing products since its discovery in 2004. The technology pipeline for ZEN-tech includes graphene applications for concrete composites, rubber composites, sensors, filtration, emulsions and silicon-graphene batteries. The formation of a subsidiary will help facilitate and focus the integration of Zenyatta graphene into the next generation of commercial technologies, providing various industries with advanced materials that have improved performance.

ZEN-tech, a private incorporated company, will have access to the high-purity graphite from Zenyatta Ventures for graphene and graphene related opportunities. There is a high level of interest, especially in Europe, from sophisticated technology or cleantech entities, particularly related to a need for access to a unique raw material graphite source that converts to high-quality graphene for various applications. The UK is a centre for graphene research, innovation and funding and consequently this attracts many global graphene industry specialists. By locating in UK, ZEN-tech will be able to tap into the extensive resources available there and will be on the leading edge of the developments in this new and fast growing materials sector. The subsidiary will operate independently of Zenyatta and will be assembling an expert management team once the structure is in place. Details on company structure and related developments will be announced in the near future.
 

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Zenyatta and Alliance Rubber Initiate Collaboration with University of Sussex on Graphene Enhanced Rubber Products

Thunder Bay, ON



27 July 2017



Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV: ZEN) is pleased to announce the start of a collaboration program with Alliance Rubber Company (“Alliance”) and the University of Sussex, UK ("Sussex") to develop enhanced rubber products using graphene converted from the Company`s high-purity Albany graphite.

Alliance, an American company founded in 1923, is based in Hot Springs, Arkansas that manufactures 2,200 products and markets them in 55 countries. It is funding research at Sussex under the guidance of Dr. Alan Dalton, Professor of Experimental Physics, to develop enhanced new rubber products using graphene produced from Zenyatta graphite. The program is focused on rubber sensor products that will hold credit and debit cards to prevent hacking of information stored on the chip. The global radio frequency identification (‘RFID’) chip market is growing rapidly from US$5.6 billion in 2010 to a projected market value of US$21.9 billion in 2020*. This market includes software/services, labels, fobs, tags, readers and all other similar types.

The Alliance program will also focus on a rubber sensor product attached to food produce that changes color when the produce item reaches a set temperature or after a certain amount of time passes since harvest. This product can also act as a bar code on produce in grocery stores.

Jason Risner, Director of Business Strategy at Alliance stated, “Alliance has a long history of innovation and it is vital for us to play an active role in leading edge rubber technology that uses a disruptive nanomaterial like graphene. It is also critical that we partner with scientific leaders like Dr. Alan Dalton at Sussex and a Company like Zenyatta with a special raw material graphite source located in North America.”

Graphene can enhance the mechanical, thermal and electrical properties of a vast range of composite materials. It can be added to rubber to make it lighter, stronger and conductive for improving its performance in a large variety of industries.

Separately from the above Alliance project, Zenyatta will also be working with a team of scientists at Sussex under the direction of Dr. Dalton using graphene produced from Zenyatta graphite on other projects such as:

1. Motion Sensors - create a flexible (rubber-graphene) sensor that can detect motions as subtle as those associated with breathing and pulse for healthcare monitors and sportswear use.


2. Emulsions - where the control of electrical and thermal properties is critical for performance. Examples of such applications include inkjet printing, thin wires, stress sensors, thermal management liquids and fluid conductors.


3. Energy Storage Devices - the goal is to develop supercapacitor devices based on a self-assembly of nanomaterials to produce electrode structures and a better battery using graphene.


4. Automotive Industry - to develop more sensitive airbags and vehicle batteries made with stacked graphene for faster charging and more energy.

Aubrey Eveleigh, President & CEO of Zenyatta commented, “We are very pleased to have a collaborative research program with an end-user like Alliance and the great team of scientists at Sussex on exciting new and innovative products. Technology companies around the world are making significant investments which are accelerating the pace of graphene development. We are delighted to play a part in the advancement of this new innovative material by providing a high quality and consistent graphite material for conversion to graphene.”

About Zenyatta

Zenyatta is developing the Albany Graphite Deposit situated in northeastern Ontario, Canada. The deposit is a unique type of igneous-hosted, fluid-derived graphite mineralization contained in two large breccia pipes. The Albany project has the potential to produce high-purity graphite product that could lead to high-tech, value-added business opportunities to emerge in Ontario and Canada. The Company is seeking end users for their graphite and graphene and is working with several collaborative partners including the development of a graphene enhanced composites. Other potential markets for graphite include Lithium-ion batteries, fuel cells and powder metallurgy. The outlook for the global graphite and graphene market is very promising with demand growing rapidly from new applications. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging “green” industries such as electric vehicle components.

The Albany graphite deposit is situated 30 km north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 70 km away with an all-weather road approximately 10 km from the graphite deposit. The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. Albany graphite can be upgraded with very good crystallinity without the use of aggressive acids (hydrofluoric) or high temperature thermal treatment therefore having an environmental advantage over other types of upgraded high-purity graphite material.
 

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Leading Edge Materials Partners with Sweden’s Northvolt in InnoEnergy Battery Project
Published by Craig P at 27th July 2017
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Vancouver, Canada – Leading Edge Materials Corp. (“Leading Edge Materials”) or (the “Company”) (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce the partnering with Northvolt AB as a part of an innovation project agreement with InnoEnergy for the establishment of a Large Scale Battery Manufacturing Project in Sweden. The aim of the project is that LEM will contribute to the production of battery cells through qualification of sustainably produced natural graphite.

The project is focused on developing the conditions for a local source, very low CO2 impact and leading cost structure for battery cell manufacturing.

Blair Way, President and CEO, stated “This is an exciting time for the lithium ion battery market and we are very pleased to be a part of such an important project in the EU. The demand for lithium ion batteries is forecast to be strong as the world shifts to low emission transport and storage options. It is an excellent opportunity to participate in a program such as this to demonstrate our ability to be an important part of the supply chain for large scale lithium ion battery manufacturing.”

On behalf of the Board,

“Blair Way”
Blair Way, President & CEO

For further information, contact: 1.604.685.9316 or www.leadingedgematerials.com

About Leading Edge Materials

Leading Edge Materials was formed with our sights firmly focused on the material demands of a once-in-a-generation revolution, as the world shifts to the efficient production, storage and preservation of low carbon energy. From the lithium batteries in our electric vehicles to our ability to generate energy from the sun, wind and waves LEM is focused on the green energy markets. With a focus on Europe and assets in innovation-rich Scandinavia, Leading Edge Materials is ideally placed to play a pivotal role in the sustainable supply of critical technology materials.

About Northvolt

Electrification and renewable energy storage are the keys to a carbon neutral society. Batteries will enable the transition. The auto industry alone will need batteries in huge numbers to replace fossil fuels with electricity. The ability to store energy is also crucial to free the world’s energy generation and distribution from coal, oil and natural gas. Northvolt accelerates this transition by building Europe’s largest battery factory.

About InnoEnergy

InnoEnergy is the innovation engine for sustainable energy across Europe. They support and invest in innovation at every stage of the journey – from classroom to end-customer. With their network of over 320 partners they build connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets. Working together, they accelerate the development of market-ready solutions, and create a fertile environment in which they can sell the innovative results of their work.
 

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NanoXplore sta costruendo una fabbrica per produrre 10.000 tonnellate all'anno di grafene al prezzo di 10.000 $ alla tonnellata.
Ad oggi i prezzi del grafene variano dai 50.000 ai 200.000 $ alla tonnelata.
Ci vorranno dai due ai tre anni per costruire la fabbrica.
Il grafene verrebbe utilizzato nei pneumatici al posto del carbone, andando a migliorare le prestazioni e diminuire i prezzi.
Del resto la ditta di Como Directa Plus, ha già in produzione i pneumatici Victoria per le biciclette.
Vedremo, per il momento NanoXplore produce solo 25 tonnellate di grafene all'anno.
 

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July 31, 2017 TSX-V: LMR


LOMIKO TO RETAIN 40% OWNERSHIP IN GRAPHENE ESD BY TRANSFERRING 1,278,790 GRAPHENE 3D

LAB SHARES TO GRAPHENE ESD

Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8B) (the "Company") announces that it has agreed to repay the

outstanding loan owed to Graphene ESD Corp. of $144,998.05 plus interest of 1% annually pursuant to the Promissory Note

effective November 6, 2015. Lomiko Metals’ 100% owned subsidiary Lomiko Technologies has retained a 40% ownership of

Graphene ESD. Lomiko Technologies has agreed to transfer 1,278,790 common shares of Graphene 3D Lab Inc. (“GGG”) held

by the Company which are held in escrow and subject to release on August 8, 2017. GGG is a publicly traded company whose

shares trade on the TSX-V.

“Developing High Density Energy Storage Capacity is vital to the Electric Vehicle Industry, the Energy Grid and has a bright

future in a variety of mobile power applications.”, stated A. Paul Gill, CEO of Lomiko Metals.

When the transfer is completed, the outstanding debt of the Company to Graphene ESD will be extinguished. The Company

discloses that Paul Gill is a director of both the Company and Graphene ESD and, as of today, resigned from the Board of

Directors of Graphene 3D Lab.

The Company will apply to the TSX Venture Exchange for approval of the transaction.

Lomiko will retain a 40% holding in the private company Graphene ESD which has undertaken a Graphene Supercapacitor

patent application with Stony Brook University. The SBU team lead by Dr. Samuilov discovered a novel method for assembly of

high-voltage Supercapacitor units. The SBU team assembled and tested a 10 V Supercapacitor energy storage unit, thus proving

feasibility of the high-voltage design. This development opens avenue for new low-cost energy storage products. Currently,

GESD is working on scale-up of the technology and an in-field evaluation of the energy storage unit.

The Largest Manufacturers of Supercapacitors are Maxell Technologies, Elna America, AVX Corporation, Panasonic Electronic

Components, Taiyo Yuden, NessCap Co Ltd., Nichison, United Chemi-con, Cornell Dublier Electronics, Cooper Bussman,

Kemet, Rubycon and there are over 300 varieties of Supercapacitors in a growing market for these devices.

Supercapacitors are promising energy storage devices. Due to their fast charge-discharge characteristics, low equivalent series

resistance, long cycle life, wide operating temperatures, supercapacitors are finding application in transportation, industrial and

grid energy storage. There is rapidly growing demand for capacitive energy storage systems with high power and energy

densities. However, individual supercapacitor units have very low stand-off voltage, < 3 V. In order to increase the operation

voltage to a practical level, > 3 V, the EDLCs are connected in series stacks. The EDLCs need to be interconnected and balanced

with an electronic circuit, which results in a bulky and expensive energy storage system.

The GESD-SBU team demonstrated design and implementation of a sealed high-voltage EDLCs energy storage unit. The unit is

internally balanced, there is no need for an external circuit. The electrode is very cost-effective nano-carbon composite either of a

Future Market for Supercapacitors from SNE Research

commercial carbon or of graphene platelets with carbon nanotubes. The nano-carbon electrode materials were used for deposition

and assembly of a working prototype of an internally balanced high-voltage energy storage unit. The bench-top prototype unit,

tested up to 10 V, exhibited good discharge characteristics and charge retention. This development enables new compact energy

storage solutions for grid and vehicular applications.

About Graphene ESD

Graphene ESD is developing energy storage based on graphene platelets. High surface area and outstanding electrical

conductivity of graphene enable devices with a unique combination of fast charge/discharge and large stored energy. Our devices

utilize graphene platelets manufactured from high-quality natural graphite by a low-cost scalable process. Graphene ESD is 40%

owned by Lomiko Technologies Inc. a 100% owned subsidiary of Lomiko Metals (“Lomiko”) (TSX-V: LMR, OTC:


LMRMF, FSE: DH8B). e-mail: [email protected].

For more information on Lomiko Technologies and Lomiko Metals, review the website at www.lomiko.com, contact
 

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In September 2016, Goldman Sachs Global Investment Research published a report on Advanced Materials (Profiles in Innovation). Goldman Sachs analysed the possibility of using graphene instead of carbon black to reinforce tires. They estimated that for tires requiring 25 weight% loading of carbon black, graphene at 1.5 weight% would provide the same or better performance. Based upon this graphene loading and assuming a carbon black price US$1.50/kg, Goldman Sachs calculated that graphene would be competitive at a cost of US$25/kg.

NanoXplore (di proprietà di MASON GRAPHITE) believes that a selling price of less than US$10/kg would be required to ensure the rapid take up of graphene across carbon black markets. The most basic and inexpensive carbon black sells for between $US 1-2/kg and is typically used at around 30 weight % loading, although loadings in some products such as rubber can exceed 50 weight%. Specialty varieties of carbon back can cost up to $50/kg or more, and high conductivity versions cost around $25/kg. For the same benefit in the final product, graphene loadings of 1-5 weight% would be typical. Therefore, graphene selling at US$10/kg would be competitive with even the most basic and inexpensive carbon black.

Pricing today for graphene powder ranges between US$50-$200/kg, depending on quality and volume of purchase. Is a graphene price of $10/kg achievable? NanoXplore believes it is. They claim that the simplicity and high-yield of their patented graphene production process makes it uniquely scalable. Further, they say that scalability of the process has been rigorously demonstrated over the last 3 years and is now at a capacity of 25 tonnes/year. NanoXplore has begun planning for a 10, 000 tonnes/year facility that could be online within 2-3 years.
 

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NanoXplore(MASON GRAPHITE) plans a 10,000 ton graphene powder facility
Jul 19, 2017
NanoXplore
Graphene composites
Graphene production
Graphene-Info
Market reports
Group NanoXplore has recently announced plans to become a public company, with a business strategy of acquiring companies in order to introduce graphene to the products. NanoXplore says it is on track to offer graphene at $10/kg. We recently discussed this goal with the company’s CEO, Dr. Soroush Nazarpour.



NanoXplore-Hexo-G-few-layer-graphene-powder-img_assist-400x316.jpg


Dr. Soroush explains that at the simplest level, commercialization of graphene requires either developing new applications and products, or replacing existing products. There are many examples of graphene companies pursuing each of these approaches. NanoXplore is one company targeting existing products. They plan to dramatically reduce the price of graphene so that it can compete with carbon black.


Per a 2015 report from MarketsandMarkets, the global carbon black market was worth US$ 11.2B in 2015, with a 2021 forecast of US$ 13.8B, and a CAGR of 4.6% (2015 - 2021). 70% of carbon black by volume is used for tires where it performs a vital role in decreasing tread wear and rolling resistance, improving handling, increasing fuel efficiency, and improving grip on the road surface. 20% of carbon black by volume is used for other plastics/rubbers, where it makes polymers more resistant to UV radiation, provides conductivity and antistatic properties, and is increasing used as a pigment in lightweight auto-parts to improve conductivity.
 

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Graniz Mondal Inc.

TSX VENTURE : GRA.H
NEX BOARD : GRA




August 04, 2017 09:39 ET

Graniz Mondal Inc. Provides Update on Proposed Transaction With Group NanoXplore Inc.

LÉVIS, QUÉBEC--(Marketwired - Aug. 4, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Graniz Mondal Inc. (TSX VENTURE:GRA.H) ("Graniz" or the "Corporation") is pleased to announce that Group NanoXplore Inc. ("NanoXplore" or "GNI") has completed on August 2, 2017 the previously announced brokered private placement financing (the "Offering") of subscription receipts (the "Subscription Receipts") sold at a price of $0.45 per Subscription Receipt for gross proceeds of $9,697,082.40, well above the initial proposed range of $3 million to $5 million. Paradigm Capital Inc. (the "Agent") acted as agent in connection with the Offering. The closing of the Offering is a step towards the completion of the proposed three-cornered amalgamation (the "Proposed Transaction") which was previously announced by the Corporation on June 8, 2017.

The gross proceeds received from the Offering, less the Agent's expenses in connection with the Offering and a portion of the Agent's commission, has been deposited into escrow with TSX Trust Company and will be released to GNI upon notice to TSX Trust Company that the escrow release conditions discussed below (the "Release Conditions") have been satisfied.

As consideration for the services of the Agent rendered in connection with the Offering, GNI has agreed to pay the Agent an aggregate cash fee equal to 7% of the gross proceeds of the Offering and to issue a number of broker warrants (the "Broker Warrants") equal to 7% of the number of Subscription Receipts issued pursuant to the Offering, except in respect of sales to certain purchasers identified by GNI to a maximum aggregate subscription amount of $1 million (the "President's List Subscribers") for which GNI agreed to pay a cash fee equal to 3.5% of the gross proceeds in respect of Subscription Receipts subscribed for by President's List Subscribers and to issue that number of Broker Warrants equal to 3.5% of the Subscription Receipts issued to President's List Subscribers. Each Broker Warrant is exercisable to purchase one common share of GNI (a "Broker Warrant Share") at a price of $0.45 per Broker Warrant Share at any time in whole or from time to time in part for a period of 24 months following the closing of the Proposed Transaction. The Broker Warrants shall be exercisable following the satisfaction of the Release Conditions. Upon completion of the Proposed Transaction, each Broker Warrant will be exchanged for a broker warrant of the Corporation.

It is intended that, upon completion of the Proposed Transaction, the net proceeds of the Offering will be used to fund working capital and commercial and engineering activities.

Upon the satisfaction of the Release Conditions, each Subscription Receipt will be automatically converted into one unit which will consist of one common share of GNI (a "GNI Share") and one half of one common share purchase warrant of GNI. Each whole warrant of GNI (a "GNI Warrant") will entitle the holder to acquire an additional GNI Share at a price of $0.70 for a period of 24 months from the closing of the Offering.
The GNI Shares and GNI Warrants will be exchanged for shares and warrants of the Corporation in connection with the Proposed Transaction and will not be subject to any hold period under Canadian securities laws.

Conditions to the completion of the Proposed Transaction and the Release Conditions include obtaining the required approvals for the Proposed Transaction from the shareholders of Graniz and GNI, and the TSX Venture Exchange.

Summary of the Proposed Transaction

The Proposed Transaction is an arm's length reverse takeover of the Corporation within the meaning of Policy 5.2 - Change of Business and Reverse Takeovers of the TSX Venture Exchange (the "Exchange").

Pursuant to the Proposed Transaction, the Corporation shall proceed to a 15:1 common share consolidation in order to reduce its outstanding shares to 1,412,939 and shall purchase all of the issued and outstanding common shares in the share capital of GNI for a total consideration of $25,294,594 payable through the issuance of 56,210,252 common shares in the share capital of the Corporation (after consolidation), at a deemed value of $0.45 per common share to previous shareholders of GNI. The Corporation will also issue 21,549,072 common shares in exchange for the GNI Shares issued upon conversion of the Subscription Receipts.

Furthermore, outstanding debts of the Corporation, estimated at $340,000 shall be converted into 755,556 common shares in the share capital of the Corporation, at a deemed value of $0.45 per common share (after consolidation).

Advisory fees shall be payable to certain advisors of the Corporation and GNI, through the issuance of 115,556 common shares of the Corporation, at a deemed price of $0.45 per common share and 466,667 options of the Corporation, at an exercise price of $0.45 per common share.

Pursuant to the Proposed Transaction, the in-the-money existing options of GNI will be converted into 694,981 common shares in the share capital of the Corporation, at a deemed value of $0.45 per common share and the out-the-money existing options of GNI will be converted in 520,866 options of the Corporation at a an exercise price of $0.45 per common share.

Furthermore, the Corporation shall terminate, subject to prior shareholder approval, an option agreement pursuant to which it may acquire the Mousseau West property and as a result, the outstanding debt and accrued interest relating to the property shall be deemed forgiven (approximately $210,000) without any other consideration to be paid.

About Graniz Mondal Inc.

Graniz Mondal Inc. holds interests in one mineral property located in Northern Québec, and an option on a graphite deposit in the region of Mont-Laurier.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Graniz Mondal should be considered highly speculative.
 

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