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VANCOUVER, British Columbia, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Dan Blondal, CEO of Nano One Materials Corp. (TSX-V:NNO) (Frankfurt:LBMB) (OTC:NNOMF), today announced the closing of its non-brokered private placement previously announced. Gross proceeds of $4,180,000 were raised.

“Nano One thanks its shareholders for their overwhelming and continuing support,” said Mr. Blondal. “Strengthening our balance sheet enables us to accelerate the execution of critical business activities in the lithium supply chain and next generation batteries.”

The Company has issued 4,180,000 units (the “Units”) at a price of $1.00 per Unit to institutional and private investors.  Each Unit consists of one common share and one-half of one common share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder to purchase an additional common share at a price of $1.25 until September 8, 2019.

In connection with the private placement, the Company paid finder’s fee of $145,880 and issued 145,880 non-transferable share purchase warrants (“Finder’s Warrants”) to Leede Jones Gable, Raymond James Ltd., Canaccord Genuity Corp., PI Financial Corp., Mackie Research Capital, Foster & Associates Financial Services Inc. and Odlum Brown Limited.  Each Finder’s Warrant will entitle the holder to purchase one additional common share of the Company at a price of $1.25 expiring on September 8, 2019.

The Units are subject to a 4-month hold period expiring January 9, 2018.

The proceeds of this private placement will be used for technology and corporate development, and general working capital.

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 (President) at (604) 669-2701 or visit the website at www.nanoone.ca.

About Nano One:

Nano One Materials Corp (“Nano One” or “the Company”) is developing patented technology for the low-cost production of high performance battery materials used in electric vehicles, energy storage, consumer electronics and next generation batteries. The processing technology addresses fundamental supply chain constraints by enabling wider raw materials specifications for use in lithium ion batteries. The process can be configured for a range of different nanostructured materials and has the flexibility to shift with emerging and future battery market trends and a diverse range of other growth opportunities. The novel three-stage process uses equipment common to industry and Nano One has built a pilot plant to demonstrate high volume production. Piloting is being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP). Nano One also receives financial support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). 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. For more information, please visit www.nanoone.ca

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes statements related to the use of proceeds of the private placement. Generally, forward looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

NOT FOR DISSEMINATION IN THE UNITED STATES
OR THROUGH U.S. NEWSWIRE SERVICES

Nano One Materials Corp. Logo

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