|July 13, 2015|
Graphene 3D Lab Announces 7.3% Reduction in Outstanding Shares
|July 13, 2015 -- New York, NY -- 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 is 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.
For more information, please contact:
President & Chief Executive Officer
Telephone: (631) 405-5116
Telephone (631) 405-5114
Rubenstein Public Relations
Telephone: (212) 843-9205
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