MONTREAL, Sept. 21, 2018 (GLOBE NEWSWIRE) -- NanoXplore Inc. ("NanoXplore") (TSX-V: GRA) and Sigma Industries Inc. ("Sigma") (TSX-V: SSG) are pleased to announce that all resolutions in connection with the proposed arrangement (the “Arrangement”) and debenture exchange (the “Debenture Exchange”) announced on July 3, 2018 were approved at the special meeting of Sigma shareholders held on September 14, 2018 (the “Meeting”), by 92.82% of Sigma shareholders present in person or represented by proxy, which were representing 69.66% of all issued and outstanding shares of Sigma.
Furthermore, on September 21, 2018, NanoXplore and Sigma have received the final approval of the Superior Court of Québec with regard to the Arrangement. The Closing of the Arrangement and the Debenture Exchange is expected to occur around September 28, 2018.
Further details regarding the Arrangement and Debenture Exchange are set out in the management information circular of Sigma dated August 14, 2018 which is available on SEDAR under profile of Sigma at www.sedar.com.
About NanoXplore Inc.
NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets, as well as standard and custom graphene enhanced plastic and composite products. NanoXplore has manufacturing facilities in Montreal, Canada and Vallorbe, Switzerland.
About Sigma Industries Inc.
Sigma is a manufacturing company specializing in the manufacture of composite products, has two operating subsidiaries and employs 275 people. It operates in the markets for heavy trucks, buses, public transit, machinery and wind energy. Sigma sells its products to original equipment manufacturers and distributors in the United States, Canada and Europe.
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