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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
Published
At a glance
- 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
Source announcement
- Company
- Graphite One Inc
- Title
- Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut
- Published
- Source site
- prnewswire.com
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