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I’m very pleased to advise that GMG completed the Qualifying Transaction with Cuspis Capital and will commence trading its shares on the Canadian TSXV on the 15th April 2021. The ticker with be “TSXV:GMG”. Shareholders will receive their new shareholder notifications from our public share registry Computershare Investor Services Inc. Original GMG shareholders will receive 22 post-split ordinary shares for every 1 pre-split ordinary share they held. I refer you to the attached news listing for more information.
This step together with the recent (well oversubscribed) private placement raise of C$2 million puts GMG in a sound financial position with more than $4.5 million cash to continue with our exciting commercialisation of graphene enhanced air-conditioning coating solutions, the development of lower friction lubricating oils and the trial of next generation batteries. I look forward to GMG providing more information on these and other developments over the coming weeks and months.
Guy Outen our Chair, wanted to pass on his thanks to GMG shareholders who together with the GMG team, partners, and customers have enabled us to reach this milestone. We’d both like to also note Chris Ohlrich’s tremendous efforts in navigating the challenging process of listing an Australian company in Canada.
Finally, let me close by referring you to our updated website (www.graphenemg.com) which includes enhanced information as to our business and product offerings as well as to governance and investor information.
Thank you again for your support.