ANNOUCES PRIVATE PLACEMENT
TSXV Symbol: NNO
Frankfurt Symbol: LBMB
Vancouver, B.C., 25 February 2015, Nano One Materials Corp. (“Nano One”) (TSX Venture:NNO), Noram Engineering and Constructors Ltd. (“Noram”) and its subsidiary BC Research (“BCRI”) are pleased to announce that they have entered into a collaboration agreement. The parties will design, procure, construct, optimize and operate a lithium ion cathode material pilot production plant for the purposes of demonstrating cost, scalability, performance and novelty of Nano One’s technology to third party strategic interests.
Noram and BCRI bring globally recognized commercialization skills, process engineering and electrochemical expertise to the collaboration which complement Nano One’s innovations in the fabrication of lithium-ion battery materials for electric vehicle, energy storage and consumer electronic applications.
Noram President Tony Boyd says “We are pleased to support Nano One in advancing its materials processing technology for battery applications and look forward to contributing to the commercialization effort.”
Nano One CEO Dan Blondal adds that “This agreement launches a new phase in our relationship, and it is an exciting time to be leveraging each others expertise and scaling the technology, especially in light of rising demand for lithium and electric vehicles.”
Nano One announces a non brokered private placement offering (the “Private Placement”) of up to 1,166,666 shares at $0.30 per share for aggregate gross proceeds of $350,000. Net proceeds from this Private Placement will be used for technology and corporate development, and general working capital.
Any securities issued pursuant to the Private Placement will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the Private Placement.
Closing of the Private Placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
Nano One Materials Corp.
Dan Blondal, CEO