Black Swan Graphene Provides Corporate Updates, Including Approval of Omnibus Equity Incentive Plan, Grant of Stock Options and Restricted Share Units, Debt Settlement at $0.21 per Share and Market Making and Investor Awareness Agreements
Annual General Meeting ("AGM"). At the Company's AGM held on
Shareholders also approved the Company's Omnibus Equity Incentive Plan and the grant of 15,175,000 stock options and 7,875,000 restricted share units ("RSUs") under the Omnibus Equity Incentive Plan to the directors and officers of the Company. The Company has just filed its Omnibus Equity Plan with the TSXV for approval. For the sake of clarity, the above stock options and RSUs are not new securities being granted, but the same securities detailed and discussed throughout the Company's Filing Statement dated
Debt Settlement. The Company has entered into two debt settlement agreements dated
Closing of the Debt Settlement is subject to customary closing conditions including receipt of
The Shares issued under the Debt Settlement will be subject to a hold period of 4 months and one day from their date of issuance.
Market Making and Investor Awareness Agreements.
The Company has engaged
The Company has also engaged
For more information, please visit: www.blackswangraphene.com
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Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to the TSXV listing, risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with the industry; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in development activities or the completion of feasibility studies; the uncertainty of profitability; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of a scoping and feasibility studies, and the possibility that future results will not be consistent with the Company's expectations; risks related to commodity prices fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
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