NewsGRAPHITE ONE ANNOUNCES FINANCINGAugust 20, 2015 – Vancouver, British Columbia – Graphite One Resources Inc. (GPH: TSX-V; GPHOF: OTCQX) (“Graphite One” or the “Company”) is pleased to announce it intends to complete a non-brokered private placement offering (the “Offering”) to raise gross proceeds of up to $500,000.
The Company plans to issue up to 6.25 million units (the “Units”) at a price of C$0.08 per Unit. Each Unit consists of one common share and one transferable common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a purchase price of $0.10 per share on or before the date occurring 3 years following the Closing Date. The Company may pay finders' fees to arm’s-length parties in connection with the Offering. The net proceeds of this Offering will be used for exploration and development of the Company’s Graphite Creek Project and for general working capital purposes. Closing is expected to occur on or around the end of August 2015, subject to receipt of final applicable regulatory approvals including approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a restricted period that expires four months following the date of issuance. This media release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Graphite One GRAPHITE ONE RESOURCES INC. (GPH: TSX-V; GPHOF: OTCQX) is exploring with the intent to develop the Graphite Creek Project, USA’s largest known large flake graphite deposit situated on the Seward Peninsula of Alaska about 60 miles north of Nome. The Project is progressing from the exploration to the evaluation phase. Work to date has identified a large, high grade and at-surface resource with simple geology and good mineralization continuity. The Project has the potential to produce products that will effectively compete in the high end battery market (for both electric vehicles and power storage) as well as other markets for purified graphite and graphite by-products. For more information please see www.graphiteoneresources.com. ON BEHALF OF THE BOARD OF DIRECTORS
For more information on Graphite One Resources Inc please visit the Company’s website, www.GraphiteOneResources.com or contact: Anthony Huston Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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