TSX-V: GGG, OTCQB: GPHBF
NEW YORK, July 13, 2015 /CNW/ - Graphene 3D Lab Inc.
(TSX-V: GGG, OTCQB: GPHBF) ("Graphene 3D") wishes to
announce that the Company's outstanding shares will be reduced by
7.3%, as a result of the total number of outstanding shares of the
Company being reduced from 44,387,500 to 41,164,955. The
reduction in the number of outstanding shares of the Company is due
to Michael Gouzman no longer serving on the Company
Advisory Board in order to focus on research projects outside of
Graphene 3D. Mr. Gouzman was a founding member of the Advisory
Board, and his founding shares were held under a 3 year scheduled
release escrow agreement. The escrow agreement provided that
any shares held in escrow would be returned to treasury and
cancelled at such time that Mr. Gouzman no longer served on the
Advisory Board.
Daniel Stolyarov, President and
CEO of Graphene 3D, commented "I want to thank Professor Gouzman
for his contributions and service to the company and I wish him
every success in his future endeavors."
The Company intends to file notification documentation
reflecting the change in share reduction with the TSX-V Exchange
and regulators.
About Graphene 3D
Graphene 3D Lab is in the business of developing, manufacturing,
and marketing proprietary graphene-based nanocomposite materials
for various types of 3D printing, including fused filament
fabrication. The Company is also involved in the design,
manufacture, and marketing of 3D printers and related products for
domestic and international customers.
The Graphene 3D Lab facility is located in Calverton, NY and is equipped with material
processing and analytical equipment. The company has four US patent
applications pending for its technology. For more information on
Graphene 3D Lab, Inc., visit www.graphene3dlab.com.
FORWARD LOOKING INFORMATION
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS
REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE Graphene 3D Lab Inc.
