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The license fee of $300,000 has been paid through the issuance of 3,333,333 common shares in the capital of the Company (the “Shares”) at a deemed price of
Upon the payment of the Shares to the Licensor as consideration for the License, the Licensor owns an aggregate of 3,333,333 Shares of the Company or approximately16.92% of the issued and outstanding common shares of the Company. The acquisition is an arm’s length transaction.
The Technology
The licensed graphene coating technology offers superior performance characteristics that will diversify G6's product portfolio.
Early Warning Disclosure
The Acquiror may acquire or dispose of securities of the Company in the future through, among other means, the purchase or sale of common shares on the open market, or in private transactions or otherwise, on such terms and at such times as the Acquiror may deem advisable.A copy of the early warning report being filed by the Acquiror may be obtained by contacting the Company at 604-687-2038.
About
G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the Company has a valuable IP portfolio currently comprising seven granted patents. The Company’s management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience.
The Company’s e-commerce websites are listed below:
Breathe: Medical-grade HEPA air filtration enhanced with advanced performance graphene material, for more information, visitwww.breatheplus.tech
Conductive Epoxies: Adhesive materials distributed under the G6-Epoxy trade name and can be purchased at www.g6-epoxy.com
D Materials:
Graphene Laboratories Inc. currently offers over 100 graphene and related products available atwww.graphene-supermarket.com
Forward-Looking Information
This news release contains forward-looking statements within the meaning of the applicable securities legislation that is based on expectations, estimates and projections as at the date of this news release. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. “Forward-looking information” in this news release includes but is not limited to information about the graphene-enhanced air purifier (including efficacy, potential commercialization and patent pending thereof); information about the potential for the Company’s long-term growth; the business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in theforward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Risk factors that could cause actual results to differ materially include, but are not limited to, the actual results in commercial applications of the Company’s graphene-enhanced air purifier may differ significantly from its test results; health and environmental factors affecting the adoption of the Company’s graphene-based technologies or other products; the Company may fail to obtain appropriate government approvals or accreditation related to the business’ operations and technological processes; the market conditions and demand for its product as well as the market prices of such products being developed by the Company may change over time; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; competition; dilution; and the volatility of our common share price and volume.
The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Neither
Corporate Inquiries
GuyBourgeois,President & Chief Executive Officer
Telephone: (516) 382-8649
Email:gbourgeois@g6-materials.com
Commercial Inquiries
Email:info@g6-materials.com
Investor Inquiries
Telephone: 1-(866)-324-4244
Email:investors@g6-materials.com
ON BEHALF OF THE BOARD: Gary Dyal, Chairman
For more information on
SOURCE:
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Copyright (c) 2024 TheNewswire - All rights reserved., source