October 19, 2022
October 19, 2022 – Vancouver, British Columbia –Graphite One Inc. (GPH: TSX‐V; GPHOF: OTCQX) (“Graphite One” or the “Company”) announces that further to the news release disseminated on September 20, 2022, the Company has received an extension from the TSX Venture Exchange (the “TSXV”) with respect to the duration of its previously announced non-brokered private placement. The outside date upon which final acceptance of the non-brokered private placement will be granted by the TSXV has been extended until November 21, 2022.
On August 8, 2022, the Company announced a non-brokered private placement of up to 13,500,000 units at a price of $1.15 per unit (the “Offering”) for gross proceeds of up to $15,525,000. Each unit will consist of one common share and one transferable common share purchase warrant entitling the holder to purchase one common share of the Company at a price of $1.50 per common share for a period of 24 months from the first date of closing of the Offering, subject to early acceleration of expiry date under certain conditions.
On August 29, 2022, the Company announced an increase in the size of the Offering of up to 18,500,000 units at a price of $1.15 per unit for gross proceeds to the Company of up to $21,275,000.
On August 30, 2022, the Company announced the closing of the first tranche of the Offering of 8,762,701 units for gross proceeds of $10,076,382.