by @newsfile on 1 Oct 2020, 09:05
Nano One Receives $5,820,269 in Q3 and Re-files Q2 2020 Financial Statements and MD&A to Revise Presentation of Cash Flows
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2020) - Nano One Materials Corp. (TSXV: NNO) (OTC Pink: NNOMF) (FSE: LBMB) ("Nano One" or the "Company") is pleased to provide an update on recent financial events:
Nano One has successfully completed milestone 1 of the "Scaling Advanced Battery Materials" project supported by Sustainable Development Technology Canada (SDTC). With the Company advancing towards the projects milestone 2 deliverables it has received an advanced contribution for milestone 2 of $2,805,203 from SDTC and other funding partners.
Subsequent to reporting financial results for the six months ended June 30, 2020, the Company has also received aggregate proceeds of $3,015,066 from the exercise of 2,160,811 warrants and options.
Dan Blondal CEO of Nano One said: "The addition of almost six million dollars further strengthens our financial position as we advance our technology towards commercialization."
The Company has amended and re-filed its interim financial statements for the six months ended June 30, 2020 ("Q2 2020") as well as its corresponding management discussion and analysis ("MD&A") relating to the period, to reflect revised presentation of the cash flow statements. There were no changes to the presentation of the Company's cash flow statements, loss and comprehensive loss, and changes to shareholders' equity. The Company has also filed amended interim CEO and CFO certifications of disclosure in accordance with National Instrument 52-109.
Nano One Materials Corp.
Dan Blondal, CEO |