Brief: Nanoxplore Announces Purchase Of Martinrea International’S Stake In Voltaxplore

NanoXplore

27/03/2023 13:57

March 27 (Reuters) - NanoXplore Inc  GRA.TO :
    * NANOXPLORE ANNOUNCES PURCHASE OF MARTINREA INTERNATIONAL’S
STAKE
IN VOLTAXPLORE AND CONFIRMS EXTENSION OF THEIR GRAPHENE
COMMERCIAL AGREEMENT
    * NANOXPLORE INC - NANOXPLORE'S PURCHASE OF MARTINREA
INNOVATION'S
50% EQUITY STAKE IN VOLTAXPLORE INC. FOR AN AGGREGATE EQUITY
CONSIDERATION OF $10 MILLION
    * NANOXPLORE INC - TO ACQUIRE REMAINING EQUITY OWNERSHIP IN
JV,
ISSUED 3.4 MILLION COMMON SHARES TO MARTINREA PRICED AT $2.92
PER NANOXPLORE'S SHARE
    * NANOXPLORE INC - CO AND MARTINREA AGREED TO EXTEND THEIR
EXISTING GRAPHENE COMMERCIAL AGREEMENT BY ANOTHER 5 YEARS TO 10
YEARS

Source text for Eikon:  ID:nGNX8y3QqD 
Further company coverage:  GRA.TO 

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