Exhibit 99.1
Abakan Announces Financing
August 20, 2014
Miami, August 20, 2014 (BUSINESS WIRE) Abakan Inc. (OTCQB: ABKI) (“Abakan”), an emerging
leaderintheadvancedcoatingsandmetalformulationsmarkets,todayannouncedthattheCompany’sboard
ofdirectors,has determinedtoinitiateaprivateplacementofuptoeighteenmillionsevenhundredandfifty
thousand (18,750,000) shares of its restricted common stock, at a price of $0.40 a share, for anticipated
gross proceeds of up to seven million five hundred thousand dollars ($7,500,000), to support ongoing
operations, retire outstanding debt and bolster product development. The prospective private placement is
scheduledtoclose on September 15, 2014. Fullsubscription tothe anticipatedproceedswouldresultinthe
new shareholders having 21.5% of the Company’s outstanding shares.
Proceeds will be used to pay off or convert over $4.2 million in debt and to provide the working capital
needed to progress the development of the Company’s Cermaclad™ coating process for the oil and gas,
and mining sectors to longer sections of pipe than had been previously accomplished, and to complete an
expanded product launch for PComP™ coatings. The PComP™ expansion includes a financing
commitmentfromtheStateofOhiotomatchtheCompany’sPComP™expenditures. Ourresultingbalance
sheet and production scale-up will position the Company for renewed growth.
About Abakan Inc.
Abakan develops, manufactures, and markets advanced nanocomposite materials, innovative fabricated
metal products andhighly engineered metal composites for applications in the oil and gas, petrochemical,
mining, aerospace and defense, energy, infrastructure and processing industries. Abakan’s technology
portfolio currently includes high-speed, large-area metal cladding technology; long-life nanocomposite
anti-corrosion and wear coating materials. Abakan's products have demonstrated longer life, higher
productivity and extremely high strength-to-weight ratios compared to competing technologies. The
Abakan group of companies has been honored by The Wall Street Journal as the #1 Manufacturing
Innovationacrosstheglobe,byPipelineIndustriesGuildastheTopSubseaPipelineTechnology,byForbes
as the #1 Most Promising Material Science Company in the United States, by American Metals Market
with the Steel Excellence Award, by Inc. 500 as one of the Fastest Growing Manufacturing Company in
the U.S., and has received numerous other trade, industry and technology awards including five R&D 100
Awards and a Technology Innovation Award from the National Institute of Standards and Technology.
Over $50 million has been invested in product development and testing by federal agencies, national labs
and our companies in order to deliver products that offer improved performance over the current state of
art. Abakan has successfully introduced its metal coatings for metal asset protection and life extension in
the oil and gas and mining industries, and is currently focusing on the scale-up and commercialization of
itshighly disruptive metal cladding products for the oil and gas, oil sands, and mining industries. Abakan
currentlyoperatesfrommultiplelocationsinUnitedStates,andintendstoexpandglobaloperationsinLatin
America, Canada and Asia.
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements. These forward
looking statements involve a number of risks and uncertainties including technological obsolescence,
market acceptance of future products, competitive market conditions, and the sufficiency of capital
resources. The actual results Abakan may achieve could differ materially from any forward-looking
statements due to such risks and uncertainties. Abakan encourages the public to read the information
provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. Abakan’s public
filings may be viewed at www.sec.gov.
Contact :
Investor Relations
Surety Financial Group, LLC
Phone: 410-833-0078
www.suretyfingroup.com
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