G6 Materials Enters Into $1.0 Million Debt Facility
Revolving loan supports its development of graphene-based air purification products
Ronkonkoma, New York, USA - TheNewswire - October 8, 2020 - G6 Materials Corp. ("G6" or the "Company") (TSXV:GGG), (OTC:GPHBF), a technology company and world-leader in creating value through innovative graphene-based solutions, is pleased to announce that it recently entered into a loan agreement (the "Loan") with an arm's length third-party company (the "Lender"). Under the terms of the Loan, the Lender will provide G6 with an aggregate principal amount of up to US$1.0 million dollars on an unsecured basis for a one-year term. Further, the principal advanced under the facility will accrue interest at a rate of 5.0% per annum, among other costs, with the Loan's proceeds being used by the Company for general working capital purposes.
"We are excited to gain access to this debt capital as it enables G6 to continue pursuing our short-term goal of developing graphene-based air purification products to capture and destroy viruses and other bioaerosols, which current products on the market are generally unable to accomplish," said Daniel Stolyarov, President & CEO of G6 Materials Corp. "We appreciate the Lender's support and look forward to using this non-dilutive capital to increase the value of the Company for our shareholders," added Mr. Stolyarov.
Additional details regarding the Loan can be found in the Company's documents filed under its profile on SEDAR at www.sedar.com.
About G6 Materials Corp.
G6 Materials Corp. is a technology company and world-leader in creating value through innovative graphene-based solutions. The Company is strategically focused on serving the global air filtration and purification market with new products to meet growing demand. G6 also sells a range of graphene-based products and other materials, including but not limited to 3D printing materials, conductive epoxies, fine chemicals, high performance composites and R&D materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities.
G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the Company has a valuable IP portfolio currently comprised of three granted patents, three provisional patents and five patent applications filed. The Company's management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Located in Ronkonkoma, New York, its premium research laboratory and scalable production facility is equipped with advanced analytical and material processing equipment.
The Company's e-commerce websites are listed below:
- 3D Printing: 3D printable filaments can be purchased at BlackMagic3D.com
- Conductive Epoxies: Adhesive materials distributed under the G6-EpoxyTM trade name and can be purchased at g6-epoxy.com
- Fine Chemicals: ChemApproach is a worldwide supplier of a wide variety of unique chemical building blocks, which can be found at chemapproach.com
- R&D Materials: Graphene Laboratories Inc. currently offers over 100 graphene and related products available at Graphene-Supermarket.com
This news release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate," "believe," "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with outstanding litigation, if any; risks associated with adoption by industries of graphene-based products health and environmental factors affecting adoption of these technologies; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. Albeit the operation of newly suggested products are based on strong scientific evidence, the Company cannot guarantee the performance parameters of the new products and their efficiency against the specific microbes including all types of viruses and bacteria until testing is completed. Further, the Company can not guarantee any outcomes of such testing.
Neither the 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 news release.
Daniel Stolyarov, President & CEO
Telephone: (631) 405-5113
G6 Investor Relations
Telephone: (631) 405-5114
ON BEHALF OF THE BOARD: Daniel Stolyarov, President & CEO
SOURCE: G6 Materials Corp.
For more information on G6 Materials Corp., please visit www.G6-Materials.com or its profile page on SEDAR at www.sedar.com.