/Not for distribution to U.S. newswire services or for dissemination in the United States. ANY FAILURE to comply with this restriction may constitute a violation of U.S. securities laws./
VANCOUVER and NEW YORK, Aug. 11, 2014 /CNW/ - Graphene 3D Lab Inc. (TSXV: GGG). (formerly MatNic Resources Inc.) ("Graphene 3D Lab" or the "Company"), a Tier 2 issuer listed on the TSX Venture Exchange (the "Exchange"), today announced that it has completed a reverse takeover with Matnic Resources (formally TSX-V: MIK) as previously announced in a news release dated April 8th. The Company has begun trading on the TSX-V under the ticker symbol GGG. For further details, please see the Company's filing statement on SEDAR (www.sedar.com) under the Company's profile.
Daniel Stolyarov, CEO of Graphene 3D Lab, commented, "I would like to thank our Board of Directors, management team, our agents, and our advisory team for all of their hard work and support during completion of the reverse takeover. I also look forward to developing lasting relationships with all new shareholders and welcome them aboard." He further elaborated, "Becoming listed on the TSX Venture Exchange is an important milestone for Graphene 3D Lab. Access to the Canadian capital markets gives us the opportunity to rapidly commercialize our technology. The company's vision is to use graphene enhanced materials in developing cutting edge 3D printing technologies for manufacturing functional devices in a one-step process. Net proceeds from the offering will be used to set up a facility for large-scale production of graphene-enhanced 3D printing materials, as well as continuation of our R&D efforts and the expansion of our team."
About Graphene 3D Lab
Graphene 3D Lab is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing, including fused filament fabrication. Graphene is a single layer of carbon atoms arranged in a hexagonal lattice which won researchers the 2010 Nobel Prize in Physics; it exhibits high conductivity, superior strength, high flexibility, and chemical resistivity. The Company is also involved in the design, manufacture, and marketing of 3D printers and related products for domestic and international customers, including those in the aerospace and automotive industries, manufacturers of medical prosthetics, and the military.
The team at Graphene 3D Lab are recognized experts in both graphene materials and 3D printing, with staff regularly presenting at international conferences and exhibitions. Members of our research team have co-authored papers with Nobel and Kavli prize winners, as well as with members of the National Academy of Sciences. Their findings have been published in prestigious journals such as Nano Letters, Proceedings of National Academy of Sciences, and ACS Nano.
The Graphene 3D Lab facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has two US patent applications pending for its technology. For more information on Graphene 3D Lab, Inc., visit www.graphene3dlab.com.
Except for statements of historical fact, all statements in this press release, including, but not limited to, statements regarding future plans, objectives and payments are forward-looking statements that involve various risks and uncertainties.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to the Transaction (including the anticipated date which the Company's common shares will commence trading on the Exchange). Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the completion of the Transaction and matters relating thereto; and risks associated with the marketing and sale of securities, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors with certain other projects, and the volatility of the Company's common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others, risks related to Graphene 3D's proposed business such as failure of the business strategy, stable supply prices, demand and market prices for 3D printing products, and government regulation; risks related to Graphene 3D's operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to Graphene 3D and its business generally such as potential exposure to tax under Canadian and US income tax laws, laws and regulations relating to cross-border mergers and acquisitions, infringement of intellectual property rights, product liability, environmental protection, currency exchange rates and conflicts of interest.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. While the Company may elect to, it does not undertake to update this information at any particular time.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Graphene 3D Lab Inc.
For further information: Commercial Inquiries: Daniel Stolyarov, President & Chief Executive Officer, Telephone: (631) 405-5116, Email: [email protected]; Investor Inquiries: Investor Relations, Telephone (631) 405-5114, Email: [email protected]