Nano One Materials Corp. announced that it has closed its previously announced non-brokered private placement of units of the Company for gross proceeds of approximately $11,000,000. In connection with the closing of the Financing, Nano One issued 9,565,000 Units at a price of $1.15 per Unit with each Unit comprising of one common share in the capital of the Company and one-half of one common share purchase warrant.
Nano One Materials Corp. has developed patented technology for the low-cost production of high performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics.
Fasken acted for Nano One Materials Corp. in connection with this non-brokered private placement with a team consisting of Iain Mant, Steve Saville, Shanlee von Vegesack and Marissa Di Lorenzo.
