OREANDA-NEWS. July 03, 2015. Haydale (AIM: HAYD), the group focused on the commercialisation of graphene and other nano particle products using their proprietary plasma process is pleased to announce further progress in North America.

1.    Service Agreement with InVentures Group, Inc.

2.    Opening of new office

Service Agreement with Inventures Group, Inc

In return, Haydale will provide an initial HT60 reactor to the USA to enable the functionalisation of graphene and other nano materials on site. This reactor will provide sampling and low volume functionalised nano materials to the US market.

In consideration for the services to be provided by InVentures to Haydale Tech, Haydale will issue 100 new ordinary shares in Haydale Tech, representing approximately 11.1% of Haydale Tech's enlarged issued share capital, to Inventures. Furthermore, InVentures has been granted an option to subscribe for up to 100 additional shares in Haydale Tech (the "Option"). The exercise of the Option is conditional upon InVentures reaching certain key business milestones in the twelve months to June 2016 including sales targets and providing agreed dedicated services to Haydale Tech. If the conditions are achieved and the Option exercised, Inventures would then own 20% of the resultant enlarged issued share capital of Haydale Tech.