VANCOUVER, BC, February 1, 2021 – Syniad Innovations Inc (“Syniad”) is pleased to announce that EcoScreen Solutions Inc. has completed a $3m round of equity finance amalgamated with D1 Capital Corporation. The newly combined entity will be renamed Gemina Laboratories Limited (“Gemina”). The transaction is designed to provide Gemina with an enlarged treasury to advance its proprietary sensing platform and prepare the Company for a public market listing later this year.
Commenting on today’s announcement, John Davies, CEO, said, “It’s always really pleasing to see an early-stage venture hit its first funding milestone. With that in mind, I’d like to thank all the new stakeholders in Gemina for their support. The more we learn about Gemina’s proprietary chemistry platform, the more confidence we have that this is a company with the potential to be truly significant.”