/NOT FOR DISTRIBUTION IN THE UNITED
STATES OF AMERICA/
TSX-V: GGG, OTCQB: GPHBF
VANCOUVER, BC and NEW YORK, NY, Dec. 10,
2015 /CNW/ - Graphene 3D Lab Inc. (TSXV: GGG) (OTCQB: GPHBF)
("Graphene 3D" or the "Company") announces that it has arranged a
non-brokered private placement of up to 3,400,000 units
(collectively, the "Units") at CND$0.25 per Unit to raise up to
CND$850,000 in gross proceeds. Each Unit will consist of one
common share and one non-transferable share purchase warrant
(collectively, the "Warrants"). Each Warrant will entitle the
holder to purchase one additional common share of Graphene 3D at a
price of CND$0.30 per share for a period of two years from the
closing date. Graphene 3D may pay a cash finder's fee equal
to 7% of the gross proceeds raised in connection with the financing
to arm's length finders in accordance with the policies of the TSX
Venture Exchange.
Completion of this financing is subject to the delivery of
definitive subscription agreements and TSX Venture Exchange's
acceptance. All of the securities issued pursuant to this
offering will have a hold period expiring four months and a day
after the closing date.
Proceeds of this financing will be used primarily for expansion
of the Company's business and for general working capital
purposes.
About Graphene 3D
Graphene 3D is a BC company whose common shares are listed on
the TSX Venture Exchange, which now owns all of the issued and
outstanding shares of Graphene 3D Lab (U.S.) Inc., a private
Delaware corporation, organized on
September 3, 2013 ("Graphene
US"). Graphene US is in the business of developing,
manufacturing, and marketing proprietary polymer nanocomposite
graphene-based materials for various types of 3D printing,
including fused filament fabrication as well as the design,
manufacture and marketing of three-dimensional printers and
products for worldwide customers, including in the aerospace and
automotive industries, manufacturers of medical prosthetics and the
military. Graphene US currently has six US patent
applications pending for its technology. For more information on
Graphene 3D Lab Inc., visit www.graphene3dlab.com.
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.
SOURCE Graphene 3D Lab Inc.