NanoXplore Closes Bought Deal Life Private Placement of $25,728,840

Executive Summary

• NanoXplore Inc. closed a bought‑deal private placement of 10,720,350 common shares at $2.40 per share, generating gross proceeds of $25.73 million.
• The net proceeds will be used to fund dry‑graphene expansion and for general corporate and working‑capital purposes.
• Insider Martinrea International Inc. subscribed for 2,343,750 shares (~$5.63 million), maintaining its interest in the company; the transaction qualified for exemptions under NI 45‑106 and MI 61‑101.

Key Details

• Offering size: 10,720,350 common shares
• Offering price: $2.40 per share
• Gross proceeds: $25,728,840
• Underwriters: Syndicate co‑led by Ventum Financial Corp. and Cormark Securities Inc.; also National Bank Financial Inc., RBC Dominion Securities Inc., Paradigm Capital Inc., Raymond James Ltd.
• Underwriter compensation: Cash fee equal to 5 % of gross proceeds (subject to reduction for sales on a president’s list).
• Insider participation: Martinrea International Inc. purchased 2,343,750 shares for approximately $5,625,000.
• Use of proceeds: Investment in dry‑graphene expansion; general corporate and working‑capital purposes.
• Exemptions relied upon: Listed Issuer Financing exemption under NI 45‑106 (Part 5A) and related‑party transaction exemptions under MI 61‑101.
• Share liquidity: Shares issued are freely tradeable with no hold period under Canadian securities law.

Notable Quotes

(No direct quotes were included in the release.)