CYMAT ANNOUNCES COMPLETION OF $1.5 M PRIVATE PLACEMENT FINANCING
Cymat Technologies (OTCQB: CYMHF) has successfully completed a non-brokered private placement, raising $1.5 million in gross proceeds. The offering consisted of equity Units priced at $0.13 each, with each Unit comprising one Common Share and one Common Share Purchase Warrant.
The company will issue 11,534,615 Common Shares and an equal number of Warrants, which can be exercised at $0.18 per share within a 24-month period. The proceeds will fund capital equipment purchases supporting a strategic business development initiative with Rio Tinto Alcan and automotive initiatives. The securities issued will be subject to a four-month trading hold period.
Cymat Technologies (OTCQB: CYMHF) ha completato con successo un collocamento privato non intermediato, raccogliendo $1.5 milioni di proventi lordi. L'offerta consisteva in Unit di equity valutate a $0.13 ciascuna, ogni Unit comprende una azione ordinaria e un warrant di acquisto di azioni ordinarie. L'azienda emetterà 11,534,615 azioni ordinarie e un numero uguale di warrant, che possono essere esercitati a $0.18 per azione entro un periodo di 24 mesi. I proventi serviranno ad acquistare attrezzature capitali per supportare un'iniziativa di sviluppo aziendale strategico con Rio Tinto Alcan e iniziative nel settore automobilistico. I titoli emessi saranno soggetti a un periodo di holding di negoziazione di quattro mesi.
Cymat Technologies (OTCQB: CYMHF) ha completado con éxito una colocación privada no intermediada, aumentando $1.5 millones en ingresos brutos. La oferta consistió en Unidades de equity valoradas en $0.13 cada una, cada Unidad comprende una acción ordinaria y un warrant de compra de acciones ordinarias. La compañía emitirá 11,534,615 acciones ordinarias y un número igual de warrants, que pueden ejercerse a $0.18 por acción dentro de un periodo de 24 meses. Los ingresos financiarán compras de equipo de capital para apoyar una iniciativa estratégica de desarrollo comercial con Rio Tinto Alcan y iniciativas automotrices. Los valores emitidos estarán sujetos a un periodo de bloqueo de negociación de cuatro meses.
Cymat Technologies (OTCQB: CYMHF)가 중개인을 거치지 않은 비공개 배정을 성공적으로 완료하여 총 $1.5백만의 총수익을 달성했습니다. 제안은 각 $0.13에 책정된 주식 유닛으로 구성되었으며, 각 유닛은 보통주 한 주와 보통주 매입 워런트를 포함합니다. 회사는 11,534,615주 보통주와 동등한 수의 워런트를 발행하고, 워런트는 24개월 내에 주당 $0.18의 가격으로 행사할 수 있습니다. 수익은 Rio Tinto Alcan과의 전략적 사업 개발 이니셔티브 및 자동차 이니셔티브를 지원하기 위한 자본 설비 구입에 사용될 예정입니다. 발행된 증권은 4개월의 거래 중단 기간의 적용을 받습니다.
Cymat Technologies (OTCQB : CYMHF) a terminé avec succès une placement privé non intermédié, levant $1.5 million de produits bruts. L'offre consistait en des unités d'équité évaluées à $0.13 chacune, chaque unité comprenant une action ordinaire et un warrant d'achat d'actions ordinaires. La société émettra 11,534,615 actions ordinaires et un nombre égal de warrants, qui peuvent être exercés à $0.18 par action dans une période de 24 mois. Les produits serviront à l'achat d'équipements capitaux soutenant une initiative de développement commercial stratégique avec Rio Tinto Alcan et des initiatives automobiles. Les valeurs émises seront soumises à une période de blocage de négociation de quatre mois.
Cymat Technologies (OTCQB: CYMHF) hat erfolgreich eine nicht broker-geführte Privatplatzierung abgeschlossen und $1.5 Millionen Bruttoeinnahmen erzielt. Das Angebot bestand aus Equity Units, die mit $0.13 pro Einheit bewertet wurden, wobei jede Einheit eine Stammaktie und ein Stammaktienkauf-Warrant enthält. Das Unternehmen wird 11,534,615 Stammaktien und eine gleich hohe Anzahl Warrants ausgeben, die innerhalb eines 24-Monats-Zeitraums zu $0.18 pro Aktie ausgeübt werden können. Die Erlöse dienen dem Kauf von Kapitalausrüstung zur Unterstützung einer strategischen Geschäftsentwicklungsinitiative mit Rio Tinto Alcan und Automobilinitiativen. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen Handelssperre.
Cymat Technologies (OTCQB: CYMHF) نجحت في إتمام طرح خاص غير وسيط، حيث جمعت $1.5 مليون من العائدات الإجمالية. اشتملت العروض على وحدات حقوق ملكية بقيمة $0.13 لكل وحدة، وتتألف كل وحدة من سهم عادي ومرابط شراء سهم عادي. ستصدر الشركة 11,534,615 سهماً عاديًا ومقداراً موازياً من المرجحات، ويمكن ممارسة المرجحات بسعر $0.18 للسهم خلال فترة 24 شهراً. ستستخدم العائدات في شراء معدات رأس المال لدعم مبادرة تطوير أعمال استراتيجية مع Rio Tinto Alcan ومبادرات في قطاع السيارات. تخضع الأوراق المالية المصدرة لفترة حظر تداول مدتها أربعة أشهر.
Cymat Technologies (OTCQB: CYMHF) 已成功完成一项非经纪私募配售，募集总额为$1.5 百万美元。此次发行为每单位价格$0.13的股权单位，每单位包含一股普通股和一张普通股购买认股权证。公司将发行11,534,615股普通股以及同等数量的认股权证，认股权证可在24个月内以每股$0.18的价格行使。募集资金将用于购买资本设备，以支持与 Rio Tinto Alcan 的战略业务发展计划及汽车领域的举措。所发行的证券将受四个月的交易禁售期约束。
- Successfully raised $1.5M through private placement financing
- Strategic business development opportunity with Rio Tinto Alcan
- No finder's fees or broker warrants required, maximizing capital efficiency
- Warrants provide potential additional future capital at $0.18 per share
- Significant dilution with issuance of 11.5M new shares
- 25% discount to warrant exercise price suggests current market weakness
- Four-month trading hold period limits immediate liquidity
Each Unit was priced at
As the result of this Offering, Cymat will issue 11,534,615 Common Shares and the same number of Common Share Purchase Warrants. No finder's fees, other related compensation or broker warrants are to be issued in conjunction with this Offering.
Proceeds of the Offering will be used for capital equipment purchases in support of a major strategic business development initiative and for working capital requirements.
In accordance with applicable Canadian securities laws, the securities issued under this Offering will be subject to a four-month trading hold period from the date of their issuance.
Michael Liik, Cymat's CEO and Chairman stated, "We are pleased to be able to raise the balance of the capital required to execute on the previously announced Rio Tinto Alcan business opportunity as well as funding for our strategic automotive initiatives underway." He added "In short order, we will be hosting a webinar to provide stakeholders with updates on the progress of these initiatives."
The terms of this Offering are subject to approval from the TSX Venture Exchange.
About Cymat Technologies Ltd.
Cymat Technologies Ltd. has the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic material. The proprietary production process entails the injection of gases through a molten bath of alloyed aluminum infused with ceramic particles. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. A key benefit of this continuous foam production process is its scalability and resultant low cost of production. SAF is used in such industries as architectural design, military and automotive. Cymat markets its architectural SAF under the AlusionTM brand and its automotive and military SAF under the SmartMetalTM brand. For further information, please visit our website at www.cymat.com.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "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. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
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SOURCE Cymat Technologies Ltd.
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