News Releases

Cymat Technologies Ltd. Announces Close of $5 Million Equity Financing

Toronto, Ontario

May 4, 2021 – Mississauga, Ontario – Cymat Technologies Ltd. (TSXV:CYM) (the “Company” or “Cymat“). Further to its press release dated April 26, 2021, Cymat is pleased to announce the completion of a non-brokered private placement of 7,719,723 equity units (the “Units”) at an issue price of $0.65 per Unit (the “Issue Price”), for aggregate proceeds of $5,017,820 (the “Offering”). Higher-than-anticipated demand for the Offering led to the increase in participation beyond the $4.3 Million in commitments previously announced. 

Each Unit is comprised of of one (1) common share in the capital of the Company (a “Common Share”) and one half (1/2) of a Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.90 for a twenty-four (24) month period. The Company engaged Eight Capital to act as an advisor in connection with this Offering. Cymat will also issue 770,000 Options in compensation for advisory services. Each Option will entitle the holder to purchase one Unit at the Issue Price for an eighteen (18) month period. 

The Company plans to use the proceeds from this financing to undertake production capacity and productivity upgrades in its plant to support both growth in its AlusionTM product line and anticipated growth from SmartMetalTM initiatives. Cymat will also use these funds to expand its business development endeavors primarily in the automotive sector and, for general corporate purposes. The Offering is subject to TSX Venture Exchange final review. 

Cymat CEO Michael Liik stated, “We are extremely pleased by the overwhelming interest in this offering. The proceeds will allow us to both upgrade our production facility and accelerate key business development initiatives. As well, our significantly enhanced balance sheet will undoubtedly strengthen Cymat’s negotiating position with OEMs.” 

About Cymat:

Cymat Technologies Ltd. is an innovative materials technology company employing a proprietary process to manufacture our unique Stabilized Aluminum Foam (“SAF”). Cymat SAF is an advanced lightweight recyclable material with a wide array of features including customizable density and dimensions, energy absorption and thermal and acoustic insulation. Cymat is focused on producing SAF for architecture, blast mitigation, automotive, transportation and industrial markets. Cymat’s architectural brand, Alusion™, has become an accepted choice for superior and unique cladding and façade alternatives for the building industry. The Alusion™ brand is recognized globally, having completed projects on almost every continent.

Cymat’s SmartMetal™ division has developed proven products for energy absorption applications including blast mitigation for the military sector and impact reduction for the nuclear energy sector. Cymat is working with numerous manufacturers and solution providers around the world for the integration of SmartMetal™ into kinetic energy management systems. Cymat is based in Mississauga, just outside Toronto, where it operates a 2.400 sq. metre plant. For further information on Cymat, please visit our Web site www.cymat.com.

For further information: please contact:

Investors and Media:

Michael Liik, CEO
Cymat Technologies Ltd
416-704-6217
liik@cymat.com

Investor Cubed Inc.:
Neil Simon, CEO
647-258-3310
nsimon@investor3.ca