Versarien Share Discussion Threads

[shammytime] 15/4/2019 07:05

A term sheet. So many agreements...

[chumbo1] 15/4/2019 07:04

15 April 2019Versarien plc("Versarien" or the "Company") Term Sheet with Beijing Institute of Graphene Technology Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed a term sheet ("Term Sheet") with Beijing Institute of Graphene Technology Co. Ltd ("BIGT") covering the proposed cooperation between the parties to develop Versarien's graphene related business in China. BIGT was founded in 2017 by Aero Engine Corporation of China ("AECC"), Beijing Institute of Aeronautical Materials ("BIAM"), and the Beijing Government, based on nearly a decade of graphene research by BIAM. BIAM and the National Graphene Institute at the University of Manchester have been working together on a wide ranging five-year collaborative research project since 2015. The Term Sheet, which is subject to contract and formal BIGT board approvals, was signed on Sunday 14 April 2019 at a public ceremony in Shenzhen, China, attended by representatives of BIGT, the Company and from the Chinese and UK Governments. Subject to the completion of due diligence and the entering into of formal documentation to the satisfaction of both parties, the Term Sheet envisages BIGT assisting Versarien with the establishment of a subsidiary in China, wholly owned by the Company. Any such Versarien Chinese subsidiary would be focussed on the manufacture of Versarien's graphene and other 2D materials in China and their sale to Chinese customers, working in collaboration with BIGT. This would not preclude Versarien entering into other ventures in China and it remains the Company's preference that any Chinese manufacturing base is situated in Jinan. The Term Sheet envisages that BIGT will provide funding to Versarien for the proposed subsidiary and other corporate purposes in the form of an equity investment in the Company, providing BIGT with a holding of up to 15% of the issued share capital of the Company, although there can be no certainty that a formal agreement will be entered into, nor the specific terms that any such agreement may take. It is the Company's current intention that in any fund raising of this nature existing and prospective private and institutional investors will be given the opportunity to participate on the same terms. Versarien and BIGT are currently undertaking additional due diligence and detailed negotiations. Further announcements will be made as appropriate.

[1teepee] 15/4/2019 02:51

hTTps://www.graphene-info.com/graphene-infos-top-10-graphene-companies-2018

[1teepee] 15/4/2019 02:49

hTTps://www.graphene-info.com/zenyatta-venturesI wonder if we source our graphite from these people and make nanene from that ?

[1teepee] 15/4/2019 02:48

hTTps://www.graphene-info.com/zen-graphene-solutions-enters-mou-university-manchester

[evergreen8] 14/4/2019 23:48

20pc I think you are missing the cardinal points

[20pc] 14/4/2019 23:18

Don't forget Up and Down

[evergreen8] 14/4/2019 23:10

North - East - West - South is exactly what we have been looking for in every direction!

[festario] 14/4/2019 22:22

Fest doesn't know what SuperG knows.

[superg1] 14/4/2019 22:01

Fest knows best.

[graphite bot] 14/4/2019 21:47

Well said fest. Let’s hope for a good week. Versariens.

[festario] 14/4/2019 21:31

I'll be making a point of it.But in the meantime, I only want one thing.....GET THAT STOCK MARKET OPEN!

[mj10] 14/4/2019 21:20

typical grabster comes out with a load of nonsense and when challenged with the facts uses the filter button as a get out.very dubious method of debate

[superg1] 14/4/2019 21:12

Chill guys.

Did you look in all directions. Waste of time looking if you don’t know what to look for.😎㈴6;😎

[1teepee] 14/4/2019 20:21

This is so funny how seriously some people take these forums. They must have such great lives to be so serious On a forum;)Mainly the dogmatic old zealots I suspect

[festario] 14/4/2019 19:38

User - 1retirement {filtered}

[festario] 14/4/2019 19:36

1retirement, you are out of your tiny mind... and you are filtered after this post. Can't think why I didn't do that earlier.SuperG knows all three of my trades that I have done in the last year.TERN and GWMO were small trades, and ill fated, a sell and buy back on VRS in February served me well.That's my lot... and that's your lot too, nut case.

[smallfry1] 14/4/2019 19:17

Some people need to step away from their screens and their charts and take a good look around.
They are so busy moving dotted lines and arguing with their own reflection that they are missing the real point of things.
If you believe what the company are aiming to achieve and in doing so you have put your trust in Neill and the team then let him do what you think he will without negative interference either aimed at him or other people.
Have a good evening all.
I will and so will my family
Emergency call out yesterday made £40 Indian takeaway for the family yum yum.