Graniz Mondal Inc. announced that it has entered into a letter of intent dated June 6, 2017 with Group NanoXplore Inc. Pursuant to which Graniz and NanoXplore intend to complete a business combination (the proposed transaction), in accordance with Policy 5.2 of TSX Venture Exchange. Concurrently with the completion of the proposed transaction, the corporation and NanoXplore (resulting issuer) intend to make a brokered private placement of a minimum of $2,000,000 and a maximum of $5,000,000, subject to obtaining all requisite regulatory approval, including that of the Exchange. It is currently contemplated that on completion of the proposed transaction and the receipt of the requisite approvals from the applicable regulatory authorities, including approval of the exchange, there will be five directors of the resulting issuer, consisting of: Soroush Nazarpour, Benoit Gascon, Cameron Harris, Denis Labrecque and another individual to be determined at a later date. It is further anticipated that Soroush Nazarpour will be appointed Chief Executive Officer, Luc Veilleux will be appointed Chief Financial Officer, Paul Higgins will be appointed Chief Operation Officer and Catherine Frigon will be appointed Corporate Secretary of the resulting issuer. The current directors and officers of Graniz shall resign at or prior to the closing of the proposed transaction without payment or liability to NanoXplore or Graniz, subject to their receiving customary releases acceptable to them. Mr. Gascon, CPA, CA, the CEO of Mason Graphite, has over 20 years of experience in the Graphite & Carbon industries. He was the CEO of Stratmin Graphite. Dr. Harris is the President of Canadian Engineering Associates. He is a former Senior Vice President and General Manager at SNC-Lavalin, and former head of the Mining Industry Practice for North America at Accenture. Mr. Labrecque is the former President of NorCap Canada Ltd., and is a Special Advisor to the President at Aliston Capital and Advisor to Keira Capital Partners Inc. Dr. Nazarpour (PhD, Nanotechnology) has been President & CEO of NanoXplore Inc. His current focus is on the development of scalable production processes to make available abundant and affordable graphene materials, and the integration of graphene into industrial supply chains. Mr. Luc Veilleux, CPA, CA, is the Chief Financial Officer of NanoXplore and Executive Vice President, Chief Financial Officer, and Corporate Secretary of Mason Graphite, and has over 20 years of experience in the mining and manufacturing industries including eight years at Timcal in the roles of Chief Financial Officer, COO and Vice-President of Finance (North America), and Controller for the Lac-des-Iles graphite mine. Mr. Higgins has over 30 years' experience in executive management, business to business marketing and business development, systems engineering, and project and subcontract management, in the advanced materials, aerospace, telecommunication, and photonics sectors, in both corporations (Lockheed Martin, Unisys, Nortel, Emerson) and start-up ventures (Silk Displays, DSI Datotech, Lumenon Innovative Lightwave Technology).With extensive experience as Senior Legal Services Manager and Executive Committee Member of large and medium-sized corporations operating in Canada and abroad, Ms. Frigon, LL.B., MBA, has a broad expertise in leading corporate affairs and managing all legal aspects pertaining to corporations, business operations, and compliance with business/industry requirements. Prior to joining Group NanoXplore Inc., Ms. Frigon held executive positions such as Vice President and Corporate Secretary at Leroux Steel Inc., Associate General Counsel at ACE Aviation Holdings, General Counsel and Assistant Corporate Secretary at Hartco Income Fund, Legal Director, Hydro North America at Alstom Renewable Power Canada Inc., and Senior Legal Counsel at Bombardier Business Aircraft.