Graphene Manufacturing Group Ltd., Queensland, Australia, has announced that the Company’s ordinary shares commenced trading on the TSX Venture Exchange (“TSXV”) under the symbol “GMG”.
This listing follows the closing of the Company’s Qualifying Transaction (as such term is defined in the policies of the TSXV) with Cuspis Capital Ltd. At listing, the company will have 69,081,718 Shares issued and outstanding.
Craig Nicol CEO, MD and founder of the company said, “This is an exciting milestone for GMG. The transition from a private company to being a listed public company is a significant enabler of future growth and demonstrates GMG’s confidence in its current product portfolio, a belief in the company’s people and the future for GMG innovations. This step is the culmination of years of hard work by the team who identified the tremendous innovative potential of graphene production and solutions. It is the start of a new chapter in GMG’s life.”
The Chair of GMG’s board of directors, Guy Outen, stated, “This a tremendous milestone for the entire GMG team, its board of directors, our investors, our partners and all other stakeholders who supported us to get here which would not have been possible without the great leadership of our CEO Craig Nicol and CFO Chris Ohlrich”.
GMG also announces the appointment of Will Oilerhead to the Company’s Board of Directors. Mr. Ollerhead has over 30 years of experience in the capital markets and corporate finance field. Will was the CEO of Cuspis Capital Ltd. (TSX-V: CUSP.P) and has served on several other boards of both public and private companies, and not-for profit organizations, as Chairman, director, and as a member and chair of Audit Committees. He has operated Ollerhead Capital since its founding in 1997, providing corporate finance advisory services, and managing a private investment portfolio.
About GMG
GMG is a clean-tech, disruptive company that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By use of the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also in the early stages of pursuing additional opportunities for GMG graphene including the development of next generation batteries, collaborating with world leading universities in Australia, and investigating the opportunity to enhance the performance of biodiesel and diesel fuels.