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Mason Graphite cheers Black Swan on Dragonfly QT deal
2021-12-20 10:04 ET - News Release
Also News Release (C-DRC) Dragonfly Capital Corp
Mr. Peter Damouni reports
MASON GRAPHITE CONGRATULATES BLACK SWAN GRAPHENE ON MILESTONE AND ANNOUNCES NEW VICE-PRESIDENT CORPORATE DEVELOPMENT
Mason Graphite Inc. is congratulating its graphene partner, Black Swan Graphene Inc., for entering into a binding letter of intent with Dragonfly Capital Corp. whereby Dragonfly will acquire all of the issued and outstanding common shares of Black Swan pursuant to a business combination.
The contemplated transaction is intended to constitute Dragonfly's qualifying transaction (as defined in TSX Venture Exchange Policy 2.4 -- Capital Pool Companies). It is expected that the business of Dragonfly, following the closing of the transaction, will be the business of Black Swan and that the resulting issuer will be listed on the TSX-V as a Tier 2 industrial issuer under the name Black Swan Graphene Inc.
Peter Damouni, executive director of Mason Graphite, commented: "We are very proud to have Black Swan Graphene as a partner, which has now established itself amongst the leading graphene companies. The potentially explosive growth of the graphene market remains difficult to fully grasp today, and from the onset, we have always liked Black Swan's ultralow-cost processing technology and its industrial business approach focusing on rapidly accessible large-volume markets, requiring large quantities of graphene and, in turn, requiring large quantities of graphite."
In connection with the transaction, it is anticipated that Black Swan will complete a concurrent financing to raise minimum gross proceeds of $5-million by the issuance of common shares, to be issued following the conversion of subscription receipts, at a price of 15 cents per share.
Details of the proposed business combination can be found in the press release issued by Dragonfly on Dec. 16, 2021.
Appointment of vice-president, corporate development
Mason Graphite is also pleased to announce that Paul Hardy has joined the company as vice-president, corporate development.
Mr. Hardy's career spans 30 years in capital markets and private enterprise, including nearly 10 years with CIBC World Markets, as well as 10 years as the managing director of institutional equities for Desjardins Securities, headquartered in Toronto, and overseeing offices in Montreal, Calgary and Vancouver. Mr. Hardy was integral in the evolution of the European trading partnership within Desjardins Securities and was responsible for over $100-million in equity positions in domestic and international markets. He simultaneously grew the revenues by over 800 per cent, in just eight years.
More recently, Mr. Hardy co-founded Thorium Power Canada Inc. where he served as vice-president for several years. He helped launch the thorium small modular reactor business worldwide, meeting with government agencies and regulators along with institutional and private investors from the United States, Mexico, Indonesia, China, Singapore, Saudi Arabia and Chile.
About Black Swan Graphene Inc.
Black Swan Graphene is a Canadian private company focusing on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, lithium-ion batteries and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite. Black Swan aims to leverage the low-cost and green hydroelectricity of the province of Quebec as well as the proximity of the eventual production sites of Mason Graphite in order to establish a fully integrated supply chain, reduce overall costs and accelerate the deployment of graphene usage.
About Mason Graphite Inc.
Mason Graphite is a Canadian corporation dedicated to the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The company also owns 100 per cent of the rights to the Lac Gueret graphite deposit, one of the richest in the world. The company is managed by an experienced team cumulating many decades of experience in graphite, covering production, sales, as well as research and development.
https://www.stockwatch.com/News/Item/Z-C!LLG-3186713/C/LLG
2021-12-20 10:04 ET - News Release
Also News Release (C-DRC) Dragonfly Capital Corp
Mr. Peter Damouni reports
MASON GRAPHITE CONGRATULATES BLACK SWAN GRAPHENE ON MILESTONE AND ANNOUNCES NEW VICE-PRESIDENT CORPORATE DEVELOPMENT
Mason Graphite Inc. is congratulating its graphene partner, Black Swan Graphene Inc., for entering into a binding letter of intent with Dragonfly Capital Corp. whereby Dragonfly will acquire all of the issued and outstanding common shares of Black Swan pursuant to a business combination.
The contemplated transaction is intended to constitute Dragonfly's qualifying transaction (as defined in TSX Venture Exchange Policy 2.4 -- Capital Pool Companies). It is expected that the business of Dragonfly, following the closing of the transaction, will be the business of Black Swan and that the resulting issuer will be listed on the TSX-V as a Tier 2 industrial issuer under the name Black Swan Graphene Inc.
Peter Damouni, executive director of Mason Graphite, commented: "We are very proud to have Black Swan Graphene as a partner, which has now established itself amongst the leading graphene companies. The potentially explosive growth of the graphene market remains difficult to fully grasp today, and from the onset, we have always liked Black Swan's ultralow-cost processing technology and its industrial business approach focusing on rapidly accessible large-volume markets, requiring large quantities of graphene and, in turn, requiring large quantities of graphite."
In connection with the transaction, it is anticipated that Black Swan will complete a concurrent financing to raise minimum gross proceeds of $5-million by the issuance of common shares, to be issued following the conversion of subscription receipts, at a price of 15 cents per share.
Details of the proposed business combination can be found in the press release issued by Dragonfly on Dec. 16, 2021.
Appointment of vice-president, corporate development
Mason Graphite is also pleased to announce that Paul Hardy has joined the company as vice-president, corporate development.
Mr. Hardy's career spans 30 years in capital markets and private enterprise, including nearly 10 years with CIBC World Markets, as well as 10 years as the managing director of institutional equities for Desjardins Securities, headquartered in Toronto, and overseeing offices in Montreal, Calgary and Vancouver. Mr. Hardy was integral in the evolution of the European trading partnership within Desjardins Securities and was responsible for over $100-million in equity positions in domestic and international markets. He simultaneously grew the revenues by over 800 per cent, in just eight years.
More recently, Mr. Hardy co-founded Thorium Power Canada Inc. where he served as vice-president for several years. He helped launch the thorium small modular reactor business worldwide, meeting with government agencies and regulators along with institutional and private investors from the United States, Mexico, Indonesia, China, Singapore, Saudi Arabia and Chile.
About Black Swan Graphene Inc.
Black Swan Graphene is a Canadian private company focusing on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, lithium-ion batteries and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite. Black Swan aims to leverage the low-cost and green hydroelectricity of the province of Quebec as well as the proximity of the eventual production sites of Mason Graphite in order to establish a fully integrated supply chain, reduce overall costs and accelerate the deployment of graphene usage.
About Mason Graphite Inc.
Mason Graphite is a Canadian corporation dedicated to the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The company also owns 100 per cent of the rights to the Lac Gueret graphite deposit, one of the richest in the world. The company is managed by an experienced team cumulating many decades of experience in graphite, covering production, sales, as well as research and development.
https://www.stockwatch.com/News/Item/Z-C!LLG-3186713/C/LLG