Nanoxplore closes $25.72-million private placement

Executive Summary

• Nanoxplore Inc. has closed a bought deal private placement, issuing 10,720,350 common shares at $2.40 per share for gross proceeds of $25,728,840.
• The offering was co-led by Ventum Financial Corp. and Cormark Securities Inc., with participation from National Bank Financial, RBC Dominion Securities, Paradigm Capital, and Raymond James.
• Net proceeds will be used to support dry graphene expansion and for general corporate and working capital purposes.

Key Details

• Gross Proceeds: $25,728,840
• Share Price: $2.40 per common share
• Shares Issued: 10,720,350 common shares
• Underwriters: Syndicate co-led by Ventum Financial Corp. and Cormark Securities Inc.; included National Bank Financial Inc., RBC Dominion Securities Inc., Paradigm Capital Inc., and Raymond James Ltd.
• Use of Proceeds: Investment in dry graphene expansion, general corporate purposes, and working capital.
• Underwriter Compensation: Cash fee of 5% of gross proceeds (subject to reduction for sales to investors on a president's list).
• Insider Participation: Martinrea International Inc. subscribed to 2,343,750 common shares for approximately $5,625,000 to maintain its interest in the corporation.
• Regulatory Basis: Completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935.
• Share Status: Common shares are freely tradeable and not subject to a hold period under applicable Canadian securities laws.
• Related Party Transaction: Insider participation classified as a related party transaction under Multilateral Instrument 61-101; exemptions from formal valuation and minority shareholder approval were relied upon as the transaction value did not exceed 25% of market capitalization.

Notable Quotes

• None provided in the text.