CA Market News
2月前
Mason Resources Announces Name Change to Transoceanic Investments IncApril 9, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 9, 2026) - Mason Resources Inc. (TSXV: LLG) (OTCQX: MGPHF) ("Mason" or the "Company"), is pleased to announce that it has changed its name to "Transoceanic Investments Inc." (the "Name Change"), effective April 13, 2026, subject to final acceptance of the TSX Venture Exchange (the "TSXV").In connection with the Name Change, the Company's trading symbol on the TSXV will change to "OCEN". It is expected that the Company's common shares will begin trading under its new name "Transoceanic Investments Inc." and ticker on or about April 13, 2026.Pursuant to the Name Change, no action will be required by existing shareholders nor will any certificates representing common shares of the Company be affected or need to be exchanged. A new CUSIP number, 893976100, has been obtained to replace the previous CUSIP number. The Company encourages shareholders with any questions or concerns to discuss any of the foregoing with their broker or agent.The Name Change has been approved by the Company's board of directors and was previously approved by shareholders of the Company at a meeting held on December 16, 2025 (see news release dated December 17, 2025). Concurrent with the Name Change, the Company filed articles of amendment, effective April 13, 2026, with Corporations Canada.About Mason Resources Inc.Mason is an investment company principally engaged in the business of acquiring and holding positions in a concentrated number of investment opportunities mainly but not exclusively in minerals and materials sector. For more information:Mason Resources Inc. on behalf of the Board of Directors
Peter Damouni, President & Chief Executive OfficerFor more information please contact:Paul Hardy, Vice President - Corporate Development
phardy @rugesrhineNeither 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.Forward-Looking InformationThis press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, statements regarding the impact of the Name Change on the Company. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies and other risks identified in its disclosure documents filed at www.sedarplus.ca. This press release is not, and is not to be construed in any way as, an offer or recommendation to buy or sell securities in Canada or in the United States.Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with and as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291750
Original: Mason Resources Announces Name Change to Transoceanic Investments Inc
CA Market News
3月前
Black Swan Graphene to Acquire Québec-Based Injection Molding Specialist Falpaco, Establishing a Vertically Integrated PlatformMarch 23, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 23, 2026) - Mason Resources Inc. (TSXV: LLG) (OTCQX: MGPHF) ("Mason" or the "Company"), congratulates Black Swan Graphene Inc. (TSXV: SWAN) (OTCQX: BSWGF) (FSE: R960) ("Black Swan" or the "Company") for the successful acquisition of Falpaco Rubber and Plastics Inc. ("Falpaco"),. Mason is a large shareholder of SWAN.Falpaco is a well-established Québec-based manufacturer specializing in the custom molding of plastic and rubber components, for total consideration of C$12.6 million, on a cash-free, debt-free basis, subject to post-closing adjustments (the "Acquisition"). The Acquisition will be funded through a combination of Black Swan's available cash on hand, the issuance of Black Swan common shares, and debt financing provided by the Desjardins Group (the "Debt Financing"), Québec's largest financial institution, and a trusted financing partner to Falpaco since its inception.Strategic Alignment and Commercial OpportunityThe Acquisition represents a key step in Black Swan's strategy to accelerate the commercialization of graphene products by vertically integrating downstream manufacturing capabilities and moving closer to end customers. By combining Black Swan's proprietary graphene materials and formulation expertise with Falpaco's injection molding know-how, customer relationships, and industrial scale, the Company believes it is uniquely positioned to shorten development cycles and transition more rapidly from product validation to commercial adoption.Falpaco currently generates approximately C$7.4 million in annual sales, representing a compound annual growth rate ("CAGR") of approximately 7% over the past five years, with a demonstrated track record of growth across multiple industrial end markets. The integration of graphene solutions is expected to provide Falpaco with a meaningful competitive advantage, supporting accelerated growth and further increasing its overall value.Falpaco's manufacturing profile is particularly well aligned with Black Swan's product offering, as it predominantly works with polymers in which Black Swan's graphene solutions have demonstrated particularly strong performance benefits. Moreover, Falpaco operates as a value-added partner to its customers, frequently contributing to product design, development, material selection, and performance enhancement, rather than acting solely as a standardized contract manufacturer. This positioning provides a natural pathway for integrating graphene-based enhancements into both existing and future customer products.Located on J.-A. Bombardier Street in the Industrial Park of Granby, approximately 45 minutes southeast of Montréal, Québec, Falpaco employs approximately 45 full-time personnel and serves a diversified base of well-rooted customers across multiple industrial sectors. The company offers a broad range of injection molding services, including bi-injection and overmolding, supported by in-house capabilities in mold design, tooling, and process optimization. Falpaco is recognized for its technical expertise, manufacturing flexibility, and ability to deliver high-quality, customized components tailored to customer specifications across multiple industries."This expansion into downstream manufacturing represents a natural extension of our commercialization strategy. Falpaco brings industrial credibility, close customer relationships, and manufacturing expertise that materially enhance our ability to deploy graphene at scale. We view this as a compelling operational and financial fit, with graphene acting as a catalyst for growth and value creation within an already well-established business. This integrated platform also enables faster iteration and deployment of graphene-enhanced solutions to market by reducing the need for prolonged joint R&D cycles and enhances the Company's ability to engage with larger customers," commented Simon Marcotte, President and Chief Executive Officer of Black Swan."We couldn't be more excited to join Black Swan Graphene. This transaction opens the door for Falpaco and its customers to benefit from advanced graphene-based solutions, while preserving the entrepreneurial and technical culture that has driven our success. We all look forward to working closely with the Black Swan team to bring innovative, high-performance products to market," added Claude Robichaud, President and shareholder of Falpaco. Details of the AcquisitionUnder the terms of the Definitive Agreement, the Company has agreed to acquire all of the issued and outstanding shares of Falpaco for a purchase price of C$12.6 million, on a cash-free, debt-free basis, subject to post-closing adjustments. The purchase price is expected to be funded through a combination of C$6.7 million under the Debt Financing, C$4.1 million of available cash on hand, and the issuance of approximately C$1.8 million in common shares of Black Swan. Upon closing of the Acquisition, Falpaco will effectively be a wholly-owned subsidiary of Black Swan.Closing of the Acquisition is expected to occur in the second quarter of 2026 and is subject to satisfying certain customary conditions and the approval of the TSX Venture Exchange. No finders' fees or commissions will be paid by Black Swan in connection with the Acquisition.Debt Financing Provided by Desjardins GroupIn connection with the Acquisition, Black Swan has secured a C$6.7 million credit package from the Desjardins Group ("Desjardins"), consisting of a C$4.7 million term loan and a C$2.0 million revolving operating line of credit. The facilities bear interest at Desjardins' prime rate and are secured by Falpaco's business assets, subject to customary financial covenants.Desjardins has been Falpaco's trusted financial partner since its inception and has a deep understanding of its operations, customer base, and industry positioning. The continued support of Desjardins, on standard commercial terms, reflects the strength, stability, and cash-generating profile of Falpaco's business. The financing package provides Black Swan with a solid capital structure to support working capital, ongoing operations, and future growth initiatives.About Falpaco Rubber and Plastics Inc.Falpaco, based in Granby, Québec, is a well-established manufacturer specializing in the custom molding of plastic and rubber components. Falpaco offers a broad range of injection molding services, including bi-injection and overmolding, supported by in-house expertise in mold design, tooling, and process optimization. Serving a diversified customer base across multiple industrial sectors, the company is recognized for its technical know-how, manufacturing flexibility, and ability to deliver high-quality, value-added components tailored to customer specifications.More information is available at: www.falpaco.ca.About Black Swan Graphene Inc. Black Swan is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several volume-driven industrial sectors. Black Swan's graphene processing technology was developed over more than a decade of research by Thomas Swan & Co. Ltd ("Thomas Swan"), which remains a key shareholder and commercial partner of Black Swan. Thomas Swan is a United Kingdom-based global chemicals manufacturer with a century-long track record and a reputation for being at the forefront of advanced materials innovation. More recently, Black Swan has launched seven commercially available Graphene Enhanced MasterbatchTM (or GEMTM) polymer products.More information is available at: www.blackswangraphene.com.About Mason Resources Inc.Mason is an investment company principally engaged in the business of acquiring and holding positions in a concentrated number of investment opportunities mainly but not exclusively in minerals and materials sector. Some of its existing holdings include Black Swan Graphene Inc., Nouveau Monde Graphite Inc., Astra Exploration Inc., and NorthX Nickel Corp.For more information:Mason Resources Inc. on behalf of the Board of DirectorsPeter Damouni, President & Chief Executive OfficerFor more information please contact:Paul Hardy, Vice President - Corporate Development
phardy @rugesrhineNeither 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.Forward-Looking InformationThis press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, statements regarding the impact of the NMG milestone on the Company and the likelihood that the investment will result in profitability for the Company on the timeline projected or at all. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies and other risks identified in its disclosure documents filed at www.sedarplus.ca. This press release is not, and is not to be construed in any way as, an offer or recommendation to buy or sell securities in Canada or in the United States.Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with and as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289491
Original: Black Swan Graphene to Acquire Québec-Based Injection Molding Specialist Falpaco, Establishing a Vertically Integrated Platform
CA Market News
3月前
Nouveau Monde Graphite Secures Milestone Senior Debt Financing for Phase-2 Matawinie MineMarch 18, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 18, 2026) - Mason Resources Inc. (TSXV: LLG) (OTCQB: MGPHF) ("Mason") ("Mason" or the "Company"), congratulates Nouveau Monde Graphite Inc. ("NMG" or the "Company") (NYSE: NMG) (TSX: NOU) for the successful arrangement of senior project debt financing for the development of its Phase-2 Matawinie Mine. Mason is a large shareholder of NMG.Fully committed senior project debt commitment letter of US$335 million secured with EDC and CIBLong-tenor, flexible project-finance structure with competitive rates and repayment terms, underpinned by ESG credentials in line with international standardsClear path to FID with debt commitment representing the first step in financing scheduleLong-term offtake arrangements underpin project bankability and revenue visibility, with 75% of the Phase-2 Matawinie Mine future production earmarked for the Government of Canada, Panasonic Energy and TraxysShovel-ready mine project substantially de-risked with detailed engineering (~80%), site preparatory work, key permits, and instrumental agreements with First Nation and local communityNMG's Phase-2 Matawinie Mine referred to the Major Projects Office as a project of national interest to bolster economic growth, accelerate the development of an integrated value chain in Canada, and support G7 countries and allies in sourcing critical mineralsNouveau Monde Graphite Inc. has executed a commitment letter in respect of senior secured project debt to support the construction, development and commissioning of the Phase-2 Matawinie Mine, a major project of national interest as identified by the Government of Canada. Leading Canadian public finance institutions, Export Development Canada ("EDC") and the Canada Infrastructure Bank ("CIB"), have committed to providing facilities totaling US$335 million (the "Facilities") toward the establishment of what is projected to be the largest graphite mine of the G7 to serve tomorrow's industries in energy, advanced technology, and manufacturing.Eric Desaulniers, Founder, President, and CEO of NMG, stated:"A defining milestone for the Matawinie Mine, this commitment from EDC and CIB reflects the depth of Canadian public-finance expertise behind large, strategic infrastructure and critical minerals developments - and it validates the bankability of our project. With detailed engineering well advanced, preparatory work executed, key permits secured, and agreements in place with the Atikamekw First Nation of Manawan and local community, Matawinie is shovel-ready and substantially de-risked. Backed by long-term offtake arrangements and a disciplined financing structure, we are advancing with confidence toward final investment decision ("FID") and construction."The Honorable Dominic LeBlanc, President of the King's Privy Council for Canada, Minister of Internal Trade, and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy, declared:"Nouveau Monde Graphite's project is essential to accelerating the development of an integrated critical minerals value chain in Canada. By securing this long-term financing for Phase 2 of the Matawinie Mine, Nouveau Monde Graphite is helping strengthen a supply chain that is vital to our economic security, while supporting Canada and other G7 countries in sourcing critical minerals in a reliable and responsible way. With projects like this one, we are building a stronger and more prosperous Canada - creating good jobs, advancing the energy transition and unlocking Canada's full economic potential."The Honorable Tim Hodgson, Minister of Energy and Natural Resources, said:"Graphite underpins battery supply chains, advanced manufacturing, and the technologies that shape the modern economy. We are the only G7 nation currently producing it, and by bringing the Matawinie Mine online, we can create new jobs and strengthen Canada's role as a reliable supplier to our allies. The Government of Canada is helping move this project toward final investment decision and construction - just like we promised when we referred the project to the Major Projects Office. This is what execution looks like."The Honorable Joël Lightbound, Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant, stated:"Québec has everything it needs to be a leading player in the global battery supply chain: world-class resources, recognized industrial expertise, and regions ready to seize growth opportunities. By supporting projects like this one, our government is strengthening Canada's position in the critical minerals sector, creating quality jobs for our workers, and ensuring that our industries have a reliable supply to build the economy of tomorrow."The Honorable Maninder Sidhu, Minister of International Trade, declared:"Canada's critical minerals sector is key to building resilient supply chains and supporting the global transition to a low-carbon economy. By supporting projects like Nouveau Monde Graphite's Matawinie Mine, which is set to become the largest graphite mine in the G7, we are strengthening Canada's role as a reliable and stable partner in global critical mineral supply chains. This project will help grow Canadian exports, reinforce secure supply chains with our allies, and further position Canada as a global leader in responsibly produced critical minerals."The Honorable Gregor Robertson, the Minister of Housing, Infrastructure and Communities, and Minister responsible for Pacific Economic Development Canada said:"Projects like this are key to building the infrastructure and supply chains Canada needs for the future. The Matawinie Mine will strengthen our critical minerals value chain, create good jobs, and support sustainable economic growth while helping Canada and its allies secure the materials needed for clean energy and advanced manufacturing. Through this agreement in principle, we are helping move this important project forward and ensuring Canada remains a reliable partner in the global transition to a low-carbon economy."Claude Guay, Parliamentary Secretary to the Minister of Energy and Natural Resources, stated:"Québec offers the resource base, industrial capability, and project expertise needed to anchor globally competitive mining and critical minerals development. Today's announcement reflects the kind of strategic action our government is taking to create jobs and strengthen our economy and sovereignty, thanks to Quebec's role in critical supply chains."Alison Nankivell, President and CEO, of EDC, added:"EDC is pleased to lead this financing round in support of the Nouveau Monde Graphite project, reflecting our commitment to building a strong, end-to-end critical minerals ecosystem in Canada. Projects like the Matawinie Mine play a strategic role, by strengthening domestic supply chains, creating high-quality jobs, and positioning Canada as a trusted global supplier of critical minerals. This is a great example of how EDC is deploying strategic risk capital to support nation-building projects that strengthen Canada's economic resilience and advance the Government of Canada's vision for a secure, sustainable, and globally competitive critical minerals sector."Ehren Cory, CEO of CIB, shared:"The CIB's commitment of a debt facility to Nouveau Monde Graphite will advance the next phase of the Matawinie Mine toward final investment decision and construction. The CIB works to bridge financing gaps and accelerate timelines in large-scale critical minerals projects which are essential to Canada's economic competitiveness."Key Financing HighlightsThe Facilities account for a majority of the project's capital structure and offer competitive terms supportive of long-term project economics. Facilities will be available upon completion of the definitive documentation, final legal, insurance and regulatory due diligence, and satisfaction of customary conditions precedents (collectively the "Conditions Precedents"). Société Générale is acting as debt advisor for this transaction.Total senior project-level debt facilities of US$335 million, including:US$290 million senior secured term loan facilityUS$45 million senior secured cost overrun debt facilityCompetitive interest rate and repayment structure to support commercial launchFirst-ranking security over the Matawinie Mine project and all material assetsAligned with international best practices for environmental, social and governance standards, including Equator Principles and IFC Performance StandardsThe Facilities will be used to fund eligible project construction costs, working capital requirements prior to completion, and transaction costs associated with the financing. The cost overrun facility provides additional protection against construction cost overruns, subject to defined conditions.The Phase-2 Matawinie Mine is supported by a portfolio of long-term offtake agreements, including agreements with the Government of Canada, Panasonic Energy Co., Ltd., a wholly owned subsidiary of Panasonic Holdings Corporation (TYO: 6752), and Traxys North America LLC, providing strong revenue visibility and underpinning the project financing structure.Independent engineering, environmental and social, market, and other specialized advisors have been appointed to support the financing and oversee construction and ramp-up in accordance with the agreed development plan.Path to FIDFollowing completion of Conditions Precedents, the Company expects to proceed to financial close and begin drawdowns under the term loan facility in accordance with the project schedule. Construction preparation, engineering, and procurement are advancing in parallel, with project execution aligned to the approved development plan. Major contracts awarded over the past few months, with provisions for full execution upon the Company having reached a positive FID, represent over 50% of the project's CAPEX and are within estimates of NMG's updated feasibility study for the Phase-2 Matawinie Mine in accordance with National Instrument 43-101.Aerial view of the Phase-2 Matawinie Mine site as of March 2026 with key preparatory works completed in view of the launch of constructionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1967/288917_bf077c3ca45638b7_001full.jpgThe execution of the commitment letter represents a major milestone in the advancement of NMG's fully integrated, responsible graphite value chain in Québec, Canada, and supports the development of a cornerstone asset for Western supply chains. The participation of EDC and the CIB reflects strong institutional confidence in the project's fundamentals, its strategic importance to Canada's critical minerals ecosystem, and NMG's execution capabilities.NMG is actively progressing its negotiations with targeted strategic investors for the equity component of the project financing with a view to completing the financing structure in a timely manner.About Nouveau Monde GraphiteNouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral advanced graphite materials. The Company is developing in Québec, Canada, a fully integrated ore-to-processed-graphite value chain to serve tomorrow's industries in energy, advanced technology, and manufacturing. With recognized ESG standards and structuring partnerships with major customers, NMG is set to become a strategic supplier of advanced materials to leading specialized manufacturers while promoting sustainability, innovation, and supply chain traceability. www.NMG.comAbout Mason Resources Inc.Mason is an investment company principally engaged in the business of acquiring and holding positions in a concentrated number of investment opportunities mainly but not exclusively in minerals and materials sector. Some of its existing holdings include Black Swan Graphene Inc., Nouveau Monde Graphite Inc., Astra Exploration Inc., and NorthX Nickel Corp.For more information:Mason Resources Inc. on behalf of the Board of Directors
Peter Damouni, President & Chief Executive OfficerFor more information please contact:Paul Hardy, Vice President - Corporate Development
phardy @rugesrhineNeither 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.Forward-Looking InformationThis press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, statements regarding the impact of the NMG milestone on the Company and the likelihood that the investment will result in profitability for the Company on the timeline projected or at all. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies and other risks identified in its disclosure documents filed at www.sedarplus.ca. This press release is not, and is not to be construed in any way as, an offer or recommendation to buy or sell securities in Canada or in the United States.Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with and as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288917
Original: Nouveau Monde Graphite Secures Milestone Senior Debt Financing for Phase-2 Matawinie Mine
TradingCharts
3年前
MASON GRAPHITE INC.
Management's Discussion and Analysis
Three And Nine Months Ended March 31, 2023
May 29, 2023
The Joint Venture will be formed if NMG exercises its option and becomes the owner of a 51% interest in the Property.
The Joint Venture will be formed with the objective of further exploring the Property and, if deemed warranted by NMG
and Mason Graphite, of developing, constructing, and operating a mine on the Property or a part of it, and
commercializing the minerals derived therefrom. The Joint Venture will also have full and continuous access to NMG’s
Demonstration Plant and the expertise of NMG in order to support the commercialization of the graphite derived from
the Property.
Concurrently with the execution of the OJV Agreement, Mason Graphite and Nouveau Monde have completed the
private placement of 5.0 million common shares of the Company (the “Initial Shares”) to Nouveau Monde at a price of
$0.50 per Initial Share for gross proceeds to the Company of $2.5 million. The Company intends to use the net
proceeds from the sale of the Initial Shares to fund agreed expenses on the Lac Guéret property pursuant to the OJV
Agreement. The Initial Shares will be subject to a four-month hold period pursuant to applicable securities laws.
The gross proceeds from the Subscription Receipt Financing (collectively, the “Escrowed Funds”), less the reasonable
expenses of the Subscription Receipt Agent incurred in connection with the Subscription Receipt Financing, were held
in escrow pursuant to the terms of the Subscription Receipt Agreement and shall be released immediately prior to
completion of the Transaction.
On December 12, 2022, the Company announced that following discussions with certain of its significant shareholders
and other stakeholders, the board of directors of the Company (the "Board") has decided to increase the size of the
Board from six directors to seven directors, and to appoint Ms. Adree DeLazzer as an additional independent director of
the Company, effective following the Annual General and Special Meeting of Shareholders of the Company held
virtually on December 20, 2022.
B) INVESTMENT IN BLACK SWAN GRAPHENE
On July 21, 2021, the Company has announced the creation of Black Swan Graphene Inc. (“Black Swan Graphene”)
and the entering into of a definitive agreement whereby Mason Graphite has agreed, through Black Swan Graphene, to
purchase strategic assets related to patented graphene production technology from Thomas Swan & Co. Limited
(“Thomas Swan”), a leading UK-based specialty chemicals company (the “Transaction”). The consideration paid by
Black Swan Graphene to Thomas Swan for such assets was $7,706,200, comprised of £3 million and shares
representing 33.33% of Black Swan Graphene’s issued and outstanding shares. Upon the completion of the
Transaction, Mason Graphite also invested approximately $2.5 million in Black Swan Graphene for working capital
purposes.
In connection with the Transaction, Black Swan Graphene has acquired a license from Trinity College Dublin for the
production of exfoliated defect-free, non-oxidised 2-D materials in large quantities (the “TCD License”), which license
was previously held by Thomas Swan. In addition, Black Swan Graphene and Thomas Swan have entered into a
License Agreement and a Sub-License Agreement, pursuant to which Black Swan Graphene has granted Thomas
Swan a license to graphene processing technology for production of up to 1,000 tonnes per year and Black Swan
Graphene has sub-licensed the TCD License to Thomas Swan, respectively.
In addition to the assets related to the graphene processing technology and associated know-how sold to Black Swan
Graphene, Thomas Swan also contributes its exclusive production and commercialization expertise while providing
access to subject matter expertise, such as access to personnel and technical support, and deliverables from its
operation in Northern England pursuant to a Services Agreement entered into between Black Swan Graphene and
Thomas Swan. Black Swan Graphene aims to establish a large-scale commercial production facility in Québec,
Canada, in order to leverage the province’s competitive and green hydroelectricity, as well as the proximity of Mason
Graphite’s planned production sites. These factors are key and will accelerate the production and commercialization of
the graphene developed by Thomas Swan by integrating the supply chain and lowering production costs.
Upon the completion of the Transaction, Mason Graphite and Thomas Swan held 66.67% and 33.33%, respectively, of
the issued and outstanding shares of Black Swan Graphene. Pursuant to an agreement entered into simultaneously
with the Transaction, Mr. Fahad Al Tamimi, Chairman of Mason Graphite, acquired directly from Thomas Swan an 8%-
equity interest in Black Swan Graphene.
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