Mason Graphite Announces Exercise of Warrants in NanoXplore Inc. and Filing or Early Warning Report
Press Release
MONTRÉAL, Aug. 06, 2019 — Mason Graphite Inc. (“Mason Graphite” or “the Company”) (TSX.V: LLG; OTCQX: MGPHF) announces it filed an early warning report today in connection with the exercise by Mason Graphite of 1,111,111 warrants to purchase common shares in the capital of NanoXplore Inc., a publicly listed company on the TSX Venture Exchange trading under the ticker symbol GRA, at an exercise price of $0.70 per share. The warrants had been acquired by Mason Graphite pursuant to a private placement completed by NanoXplore in the third quarter of 2017.
Prior to the exercise of these warrants, Mason Graphite held an aggregate 21,077,222 shares of NanoXplore, 1,111,111 warrants to purchase additional shares of NanoXplore at an exercise price of $0.70 per share and 303,050 warrants to purchase additional shares of NanoXplore at an exercise price of $2.30 per share. The warrants were acquired in two separate private placement transactions.
Subsequent to the exercise of these warrants, Mason Graphite holds an aggregate of 22,188,333 shares of NanoXplore and 303,050 warrants which represents approximately 18.76% of the issued and outstanding shares of NanoXplore.
The shares were acquired by Mason Graphite upon exercise of warrants previously acquired that were to expire on August 2nd, 2019. The purpose of the transaction was to benefit from the fact that the exercise price of the warrants ($0.70) was less than the current market price of the shares of NanoXplore.
The above referenced early warning report relating to this press release has been filed on System for Electronic Document Analysis and Review (SEDAR) at www.sedar.com under NanoXplore’s issuer profile.
About Mason Graphite and the Lac Guéret Project
Mason Graphite is a Canadian mining, processing and natural graphite development company, which is in the process of establishing its graphite production facility in Baie-Comeau, Quebec. The Company is led by a highly experienced team that has approximately 70 years of experience in graphite production, sales, and research and development. For more information, visit www.masongraphite.com.
Mason Graphite Inc. On Behalf of the Board
“Benoît Gascon, CPA, CA”, President & Chief Executive Officer
For more Information:
Simon Marcotte, CFA, Director Corporate Development at +1 (647) 801-7273 and at info@masongraphite.com
For more information relating to local communities:
+1 (514) 289-3580 and at info@masongraphite.com
Head Office: 3030, boulevard Le Carrefour, bureau 600, Laval, Québec, H7T 2P5
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