BRISBANE, QUEENSLAND, AUSTRALIA – April 15, 2021 – Graphene Manufacturing Group (“GMG” or the “Company”) is pleased to announce that the Company’s ordinary shares (the “Shares“) commenced trading on the TSX Venture Exchange (“TSXV”) under the symbol “GMG”.
This listing follows the closing of the Company’s Qualifying Transaction (as such term is defined in the policies of the TSXV) with Cuspis Capital Ltd. At listing, the company will have 69,081,718 Shares issued and outstanding.
Craig Nicol CEO, MD and founder of the Company said, “This is an exciting milestone for GMG. The transition from a private company to being a listed public company is a significant enabler of future growth and demonstrates GMG’s confidence in its current product portfolio, a belief in the company’s people and the future for GMG innovations. This step is the culmination of years of hard work by the team who identified the tremendous innovative potential of graphene production and solutions. It is the start of a new chapter in GMG’s life.”
The Chair of GMG’s board of directors, Guy Outen, stated, “This a tremendous milestone for the entire GMG team, its board of directors, our investors, our partners and all other stakeholders who supported us to get here which would not have been possible without the great leadership of our CEO Craig Nicol and CFO Chris Ohlrich”.
GMG is also pleased to announce the appointment of Will Oilerhead to the Company’s Board of Directors.
Mr. Ollerhead has over 30 years of experience in the capital markets and corporate finance field. Will was the CEO of Cuspis Capital Ltd. (TSX-V: CUSP.P) and has served on several other boards of both public and private companies, and not-for profit organizations, as Chairman, director, and as a member and chair of Audit Committees. He has operated Ollerhead Capital since its founding in 1997, providing corporate finance advisory services, and managing a private investment portfolio.
GMG is a clean-tech, disruptive company that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By use of the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also in the early stages of pursuing additional opportunities for GMG graphene including the development of next generation batteries, collaborating with world leading universities in Australia, and investigating the opportunity to enhance the performance of biodiesel and diesel fuels.
For further information please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at firstname.lastname@example.org, +61 415 445 223
– Leo Karabelas at Focus Communications, email@example.com, +1 647 689 6041
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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to future events or future performance of the Company, the Company’s plans regarding future business and development activities and opportunities, and benefits arising from the listing of the Shares on the TSXV. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s final long form non-offering prospectus dated March 31, 2021 available for review on the Company’s profile at www.sedar.com. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.