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Cassels Brock Represents the Underwriters in NanoXplore Inc.'s $10 Million Bought Deal Private Placement

Published: 03/27/2018

Team: Chad Accursi, Jackson Phillips, Rowan Groenewald, A. Chandimal Nicholas

On March 27, 2018 NanoXplore Inc. a graphene company that manufactures and supplies high volume graphene powder and enhanced thermoplastic products, completed a bought deal private placement for aggregate gross proceeds of approximately $10 million. A total of 6,060,700 units of NanoXplore were sold pursuant to the offering, including 1,212,200 units issued as a result of the full exercise of the underwriters’ over-allotment option, at a price of $1.65 per unit.

The offering was conducted by a syndicate of underwriters co-led by Paradigm Capital Inc. and GMP Securities L.P. and including Echelon Wealth Partners Inc. and National Bank Financial Inc.

Cassels Brock acted for the underwriters with a deal team that included Chad Accursi, Jackson Phillips, and Rowan Groenewald (Securities) and Chandimal Nicholas (Intellectual Property).