Vancouver, B.C. February 03, 2016, Nano One Materials Corp. (“Nano One” or the “Company”)would like to announce an amendment to the terms of up to 12,396,328 outstanding warrants issued in connection with a reverse take-over and private placement announced March 9, 2015. The exercise price of specific warrants will be reduced to $0.30 and their term extended until April 15, 2016.
Amendment details are provided below for all outstanding warrants.
1,253,334 warrants will be exercisable to purchase one Nano One common shares at $0.30 until April 15, 2016. The un-amended warrants were exercisable to purchase one Nano One common share at a price of $0.35 until February 26, 2016.
6,000,000 warrants will be exercisable to purchase one Nano One common share at $0.30 until April 15, 2016 and then to purchase one Nano One common share at $0.50 until March 5, 2017. The un-amended warrants were exercisable to purchase one Nano One common share at $0.40 until March 5, 2016 and then to purchase one Nano One common share at $0.50 until March 5, 2017.
5,142,994 warrants will be exercisable to purchase one Nano One common share at $0.30 until April 15, 2016 and then to purchase one half Nano One common share at $0.50 until March 5, 2017. The un-amended warrants were exercisable to purchase one Nano One common share at $0.40 until March 5, 2016 and then to purchase one half Nano One common share at $0.50 until March 5, 2017.
The warrant extension and re-pricing is subject to regulatory approval.
About Nano One
Nano One Materials Corp is focused on developing novel, scalable and low-cost processing technology for the production of high performance battery materials. The technology can be configured for a wide range of raw materials with the flexibility to shift with market trends and growth opportunities in other advanced nanostructured composite materials. The novel three-stage process uses equipment common to industry and is being engineered for high volume production and rapid commercialization. The patent portfolio demonstrates value to potential strategic partners. Nano One’s mission is to establish its patented technology as a leading platform for the global production of a new generation of nanostructured composite materials.
NANO ONE MATERIALS CORP.
Dan Blondal, CEO
For information with respect to Nano One or the contents of this news release, please contact John Lando at (604) 669-2701 or visit the website at www.nanoone.ca.
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the commencement of trading of the Company’s common shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
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