Toronto, Ontario – Martinrea International Inc. (TSX: MRE) (“Martinrea” or the “Company”) announced today that it filed an early warning report today in connection with the acquisition by Martinrea of 10 million common shares (the “Shares”) in NanoXplore Inc. (“NanoXplore”) a publicly listed company on the TSX Venture Exchange trading under the ticker symbol GRA, pursuant to several private agreements (the “Share Acquisitions”). Of the 10 million common shares of NanoXplore acquired by Martinrea, 5,474,669 of the common shares were acquired at a price of $1.20 per share for an aggregate purchase price of $6,569,603 and 4,525,331 of the common shares were acquired at a price of $1.30 per share for an aggregate purchase price of $5,882,930. After the Share Acquisitions, the Company holds 30,199,800 common shares of NanoXplore, or approximately 25 percent of NanoXplore’s issued and outstanding common shares.
Martinrea International Inc. Announces Additional Strategic Investment in NanoXplore Inc. and Filing of Early Warning Report
- News Release