ZEN Graphene Solutions Ltd

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ZEN’s high quality graphene production solutions and the potential economic benefit that they can bring to the Canadian economy have attracted the attention of several government agencies that are supporting innovation, sustainability and new clean technology. The Company will continue to work wi...

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ZEN Graphene Solutions Ltd

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ZEN’s high quality graphene production solutions and the potential economic benefit that they can bring to the Canadi......

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8020 Admin

17 hours ago

8020 Admin posted a press release ZEN Graphene Solutions Signs Agreement with Chemisar Laboratories Inc. for Consulting and New Graphene Development Facility in ZEN GRAPHENE SOLUTIONS LTD

Thunder Bay, Ontario--(Newsfile Corp. - September 16, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("ZEN" or the "Company")  is pleased to announce that it has signed an agreement with Chemisar Laboratories Inc. ("Chemisar") to provide various consulting services which will include the use of 2,300 square feet of office and laboratory space in Guelph, Ontario commencing on October 1, 2019. This office will become the company's new graphene research and development centre which will include a small-scale graphene processing and production facility. Additional space is available in the building which will allow ZEN to grow as needed.


The new office and lab spaces are situated 66 km from Toronto Pearson International Airport and is centrally located to Toronto, Hamilton, Waterloo, London and multiple university partners. The office space is part of a larger 5,500 square foot well-equipped stand-alone technology centre which is situated on 1.15 acres. ZEN has access to a 2,000 square foot wet laboratory which has fume hoods, laboratory equipment and a large inventory of specialized glassware as well as other laboratory consumables plus a large inventory of chemical reagents. In the coming months, ZEN is aiming to setup small-scale graphite purification and graphene-related production facilities including Graphene Quantum Dots (GQD's) and Graphene Oxide (GO). These products will be available for research and development, application development and for commercial use.


Dr. Francis Dubé commented: "This facility represents the next phase of development and scale up of our company. We now have the ability to actively collaborate with our research partners as we move toward commercial scale production. This will also allow ZEN to offer the highest value products for sale such as GQDs and GO as granted by the Ministry of Energy, Northern Development and Mines bulk sample permit."


About Chemisar Laboratories Inc.


Chemisar and its related companies, Guelph Chemical Laboratories and Maxima Laboratories were founded by Dr. Raj N. Pandey. The main areas of research were in the Energy and Environmental fields while offering analytical laboratory services to both private enterprises and government agencies since 1978. The companies have been granted 30 various patents from their research. They also have significant experience with NRCAN, NRC, International Trade, the Ontario Ministry of Environment and Energy along with the Government and various businesses in India.


About ZEN Graphene Solutions Ltd.


ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN's Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.


For further information:


Francis Dubé, Chief Executive Officer
Tel: +1 (289) 821-2820
Email: drfdube@zengraphene.com


To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN's SEDAR profile at www.sedar.ca.


Forward Looking Statements


This press release contains forward-looking statements. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to ZEN and ZEN provides no assurance that actual results will meet management's expectations. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although ZEN believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. ZEN disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The Company's full disclosure can be found at https://zengraphene.com/disclaimer/.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47810

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8020 Admin

4 days ago

8020 Admin posted a press release Zen Graphene Solutions Ltd. Completes Non-Brokered Private Placement of Units in ZEN GRAPHENE SOLUTIONS LTD


THUNDER BAY, ON, Sept. 12, 2019 /CNW/ - Zen Graphene Solutions Ltd. ("Zen Graphene" or the "Company") (TSXV:ZEN) is pleased to announce the closing of its previously announced private placement (the "Offering"). The Company raised $1,050,000 under the Offering, which will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.  While the Company received significant demand for the Offering over the one million dollar initial target, it limited the Offering to $1,050,000.  The Board of directors wishes to thank all the long-term shareholders and new shareholders who participated in the Offering.


The Offering consisted of the issuance of 3,000,000 units ("Units") at a price of $0.35 per Unit, for aggregate gross proceeds of $1,050,000. Each Unit consisted of one common share of the Company ("Common Share") and one half of one non-transferable share purchase warrant ("Warrant").  Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of $0.50 per Warrant, exercisable for a period of twenty-four months from the closing of the Offering (the "Exercise Period"). Insiders of the Company have subscribed for approximately 34% of the offered Units.


All Warrants issued in connection with the Offering are subject to an acceleration clause. If the Company's share price trades at or above $1.00 per share for a period of ten (10) consecutive trading days during the Exercise Period, the Company may accelerate the expiry date of the Warrants to 30 calendar days from the date on which written notice is given by the Company to the holders of the Warrants.


Certain insiders of the Issuer participated in the Offering. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Issuer's market capitalization. The Offering was approved by all of the independent directors of the Company.


The Common Shares and the Warrants issued in connection with the Offering will be subject to a hold period until January 13, 2020 in accordance with applicable securities laws.


To find out more on Zen Graphene Solutions Ltd., please visit our website at www.zengraphene.com. A copy of this press release and all material documents in respect of the Company may be obtained on Zen Graphene's SEDAR profile at www.sedar.ca.


CAUTIONARY STATEMENT: Zen Graphene has completed a Preliminary Economic Assessment regarding the Albany Project (the "PEA") in support of its development work (see Zen Graphene press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without a formal independent feasibility study, there is no assurance that operations will be economically viable.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and Zen Graphene cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zen Graphene included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zen Graphene and Zen Graphene provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zen Graphene's future plans, objectives or goals, to the effect that Zen Graphene or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zen Graphene's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zen Graphene's mineral properties, and Zen Graphene's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a pre-feasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zen Graphene's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zen Graphene's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zen Graphene's forward-looking statements. Although Zen Graphene believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zen Graphene disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.


SOURCE ZEN GRAPHENE SOLUTIONS Ltd.


View original content: http://www.newswire.ca/en/releases/archive/September2019/12/c7063.html

Brian Bosse, Chief Financial Officer, Tel: +1 (705) 618-0900, Email: bbosse@zengraphene.com

!
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8020 Admin

14 days ago

8020 Admin posted a press release ZEN Graphene Solutions Ltd. Announces Non-Brokered Private Placement of Units in ZEN GRAPHENE SOLUTIONS LTD

Thunder Bay, Ontario--(Newsfile Corp. - September 3, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("Zen Graphene" or the "Company") announces that it has arranged a non-brokered private placement financing to raise approximately $1.0 million (the "Offering") subject to regulatory approval. The Offering will consist of the sale of Units priced at $0.35 per Unit. Each Unit will be comprised of one Common Share and one-half of one non-transferable Common Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share at a price of $0.50 for a period of 24 months from the date of issuance. All Warrants issued in connection with the Offering will be subject to an acceleration clause. If the Company's share price trades at or above $1.00 per share for a period of ten (10) consecutive trading days during the exercise period, the Company may accelerate the expiry date of the Warrants to 30 calendar days from the date on which a written notice is given by the Company to the Warrant holders. The proceeds of the Offering will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.


If you have any questions, please feel free to contact us at 1-844-730-9822, or email us at info@zengraphene.com.


For further information:


Brian Bosse, Chief Financial Officer
Tel: +1 (844) 730-9822
Email: brian@zengraphene.com


To find out more on Zen Graphene Solutions Ltd., please visit our website at www.zengraphene.com. A copy of this press release and all material documents in respect of the Company may be obtained on Zen Graphene's SEDAR profile at www.sedar.ca.


CAUTIONARY STATEMENT: Zen Graphene has completed a Preliminary Economic Assessment regarding the Albany Project (the "PEA") in support of its development work (see Zen Graphene press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without a formal independent feasibility study, there is no assurance that operations will be economically viable.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and Zen Graphene cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zen Graphene included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zen Graphene and Zen Graphene provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zen Graphene's future plans, objectives or goals, to the effect that Zen Graphene or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zen Graphene's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zen Graphene's mineral properties, and Zen Graphene's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a pre-feasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zen Graphene's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zen Graphene's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zen Graphene's forward-looking statements. Although Zen Graphene believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zen Graphene disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47435

!

ZEN Graphene Solutions Ltd

lockPrivate Group

ZEN’s high quality graphene production solutions and the potential economic benefit that they can bring to the Canadian economy have attracted the attention of several government agencies that are supporting innovation, sustainability and new clean technology. The Company will continue to work wi...

people4 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


ZEN Graphene Solutions Ltd

lockPrivateGroup

ZEN’s high quality graphene production solutions and the potential economic benefit that they can bring to the Canadi......

people4 Members       (0)

Thumb 8020 monitor 200200 2

8020 Admin

17 hours ago

8020 Admin posted a press release ZEN Graphene Solutions Signs Agreement with Chemisar Laboratories Inc. for Consulting and New Graphene Development Facility in ZEN GRAPHENE SOLUTIONS LTD

Thunder Bay, Ontario--(Newsfile Corp. - September 16, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("ZEN" or the "Company")  is pleased to announce that it has signed an agreement with Chemisar Laboratories Inc. ("Chemisar") to provide various consulting services which will include the use of 2,300 square feet of office and laboratory space in Guelph, Ontario commencing on October 1, 2019. This office will become the company's new graphene research and development centre which will include a small-scale graphene processing and production facility. Additional space is available in the building which will allow ZEN to grow as needed.


The new office and lab spaces are situated 66 km from Toronto Pearson International Airport and is centrally located to Toronto, Hamilton, Waterloo, London and multiple university partners. The office space is part of a larger 5,500 square foot well-equipped stand-alone technology centre which is situated on 1.15 acres. ZEN has access to a 2,000 square foot wet laboratory which has fume hoods, laboratory equipment and a large inventory of specialized glassware as well as other laboratory consumables plus a large inventory of chemical reagents. In the coming months, ZEN is aiming to setup small-scale graphite purification and graphene-related production facilities including Graphene Quantum Dots (GQD's) and Graphene Oxide (GO). These products will be available for research and development, application development and for commercial use.


Dr. Francis Dubé commented: "This facility represents the next phase of development and scale up of our company. We now have the ability to actively collaborate with our research partners as we move toward commercial scale production. This will also allow ZEN to offer the highest value products for sale such as GQDs and GO as granted by the Ministry of Energy, Northern Development and Mines bulk sample permit."


About Chemisar Laboratories Inc.


Chemisar and its related companies, Guelph Chemical Laboratories and Maxima Laboratories were founded by Dr. Raj N. Pandey. The main areas of research were in the Energy and Environmental fields while offering analytical laboratory services to both private enterprises and government agencies since 1978. The companies have been granted 30 various patents from their research. They also have significant experience with NRCAN, NRC, International Trade, the Ontario Ministry of Environment and Energy along with the Government and various businesses in India.


About ZEN Graphene Solutions Ltd.


ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN's Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.


For further information:


Francis Dubé, Chief Executive Officer
Tel: +1 (289) 821-2820
Email: drfdube@zengraphene.com


To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN's SEDAR profile at www.sedar.ca.


Forward Looking Statements


This press release contains forward-looking statements. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to ZEN and ZEN provides no assurance that actual results will meet management's expectations. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although ZEN believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. ZEN disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The Company's full disclosure can be found at https://zengraphene.com/disclaimer/.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47810

!
Thumb 8020 monitor 200200 2

8020 Admin

4 days ago

8020 Admin posted a press release Zen Graphene Solutions Ltd. Completes Non-Brokered Private Placement of Units in ZEN GRAPHENE SOLUTIONS LTD


THUNDER BAY, ON, Sept. 12, 2019 /CNW/ - Zen Graphene Solutions Ltd. ("Zen Graphene" or the "Company") (TSXV:ZEN) is pleased to announce the closing of its previously announced private placement (the "Offering"). The Company raised $1,050,000 under the Offering, which will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.  While the Company received significant demand for the Offering over the one million dollar initial target, it limited the Offering to $1,050,000.  The Board of directors wishes to thank all the long-term shareholders and new shareholders who participated in the Offering.


The Offering consisted of the issuance of 3,000,000 units ("Units") at a price of $0.35 per Unit, for aggregate gross proceeds of $1,050,000. Each Unit consisted of one common share of the Company ("Common Share") and one half of one non-transferable share purchase warrant ("Warrant").  Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of $0.50 per Warrant, exercisable for a period of twenty-four months from the closing of the Offering (the "Exercise Period"). Insiders of the Company have subscribed for approximately 34% of the offered Units.


All Warrants issued in connection with the Offering are subject to an acceleration clause. If the Company's share price trades at or above $1.00 per share for a period of ten (10) consecutive trading days during the Exercise Period, the Company may accelerate the expiry date of the Warrants to 30 calendar days from the date on which written notice is given by the Company to the holders of the Warrants.


Certain insiders of the Issuer participated in the Offering. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Issuer's market capitalization. The Offering was approved by all of the independent directors of the Company.


The Common Shares and the Warrants issued in connection with the Offering will be subject to a hold period until January 13, 2020 in accordance with applicable securities laws.


To find out more on Zen Graphene Solutions Ltd., please visit our website at www.zengraphene.com. A copy of this press release and all material documents in respect of the Company may be obtained on Zen Graphene's SEDAR profile at www.sedar.ca.


CAUTIONARY STATEMENT: Zen Graphene has completed a Preliminary Economic Assessment regarding the Albany Project (the "PEA") in support of its development work (see Zen Graphene press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without a formal independent feasibility study, there is no assurance that operations will be economically viable.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and Zen Graphene cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zen Graphene included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zen Graphene and Zen Graphene provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zen Graphene's future plans, objectives or goals, to the effect that Zen Graphene or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zen Graphene's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zen Graphene's mineral properties, and Zen Graphene's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a pre-feasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zen Graphene's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zen Graphene's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zen Graphene's forward-looking statements. Although Zen Graphene believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zen Graphene disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.


SOURCE ZEN GRAPHENE SOLUTIONS Ltd.


View original content: http://www.newswire.ca/en/releases/archive/September2019/12/c7063.html

Brian Bosse, Chief Financial Officer, Tel: +1 (705) 618-0900, Email: bbosse@zengraphene.com

!
Thumb 8020 monitor 200200 2

8020 Admin

14 days ago

8020 Admin posted a press release ZEN Graphene Solutions Ltd. Announces Non-Brokered Private Placement of Units in ZEN GRAPHENE SOLUTIONS LTD

Thunder Bay, Ontario--(Newsfile Corp. - September 3, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("Zen Graphene" or the "Company") announces that it has arranged a non-brokered private placement financing to raise approximately $1.0 million (the "Offering") subject to regulatory approval. The Offering will consist of the sale of Units priced at $0.35 per Unit. Each Unit will be comprised of one Common Share and one-half of one non-transferable Common Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share at a price of $0.50 for a period of 24 months from the date of issuance. All Warrants issued in connection with the Offering will be subject to an acceleration clause. If the Company's share price trades at or above $1.00 per share for a period of ten (10) consecutive trading days during the exercise period, the Company may accelerate the expiry date of the Warrants to 30 calendar days from the date on which a written notice is given by the Company to the Warrant holders. The proceeds of the Offering will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.


If you have any questions, please feel free to contact us at 1-844-730-9822, or email us at info@zengraphene.com.


For further information:


Brian Bosse, Chief Financial Officer
Tel: +1 (844) 730-9822
Email: brian@zengraphene.com


To find out more on Zen Graphene Solutions Ltd., please visit our website at www.zengraphene.com. A copy of this press release and all material documents in respect of the Company may be obtained on Zen Graphene's SEDAR profile at www.sedar.ca.


CAUTIONARY STATEMENT: Zen Graphene has completed a Preliminary Economic Assessment regarding the Albany Project (the "PEA") in support of its development work (see Zen Graphene press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without a formal independent feasibility study, there is no assurance that operations will be economically viable.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and Zen Graphene cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zen Graphene included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zen Graphene and Zen Graphene provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zen Graphene's future plans, objectives or goals, to the effect that Zen Graphene or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zen Graphene's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zen Graphene's mineral properties, and Zen Graphene's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a pre-feasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zen Graphene's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zen Graphene's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zen Graphene's forward-looking statements. Although Zen Graphene believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zen Graphene disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47435

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