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Graphite One Inc

  • OTCQX:GPHOF
  • TSXV:GPH

Graphite One Reports US$5.0 Million Placement from Doyon and Aleut, Pending Final TSXV Approval

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Company
Graphite One Inc
Listings
OTCQX:GPHOF, TSXV:GPH
Published
Source announcement
prnewswire.com

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced the closing of a non-brokered private placement with Doyon Limited and Aleut, both Alaska Native corporations.

  • The placement produced aggregate gross proceeds of US$5.0 million (CDN$7.0 million) from 8,514,024 units.
  • Each Unit cost CDN$0.82 and included one Common Share and one full common share purchase warrant.
  • Each Warrant permits purchase of one Common Share at CDN$1.03, expires three (3) years after closing, and includes future-financing participation rights.
  • The TSX Venture Exchange gave conditional approval; final approval remains required.
  • The company said proceeds will be used for environmental studies, permitting activities and general corporate purposes, but cautioned this use is not certain.

All issued securities have a restricted period expiring four months and one day after issuance. No finder or broker fees were paid.

Investor FAQs

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) says Doyon Limited and Aleut have invested aggregate gross proceeds of US$5.0 million (CDN$7.0 million) through a non-brokered private placement. The placement involved 8,514,024 units priced at CDN$0.82 per unit. The company describes the investment as closed, but says the private placement remains subject to final approval from the TSX Venture Exchange after receiving conditional approval.

Source announcement

Company
Graphite One Inc
Title
Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut
Published
Source site
prnewswire.com

Read the source announcement on prnewswire.com

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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