July 26, 2021
Kin Communications Re-engaged as Investor Relation Advisor and Taiga Loan Repayment Date Extended
VANCOUVER, BC / ACCESSWIRE / July 26, 2021 / Graphite One Inc. (TSXV:GPH)(OTCQX:GPHOF) (“Graphite One” or the “Company”) is pleased to announce that it has continued its engagement with Kin Communications, Inc. (“Kin”) under a new investor relations agreement (the “Agreement”). Under the Agreement, Kin will continue to assist with the investor relations activities of the Company, including coordinating and disseminating new information to the public and to the Company’s shareholders, initiate and maintain contact with brokers, investors, prospective investors, brokerage houses, analysts and newsletter writers and keep the Company informed of inquiries or requests made by the general public or regulatory authorities.
Kin will receive compensation of CA$10,000 per month. This Agreement is effective March 1, 2021 and will remain in effect until terminated by either the Company or Kin by providing the other with thirty (30) days written notice to terminate or immediately upon default or breach of this Agreement by Kin.
Taiga Loan Extension Notice
The Company is also pleased to announce that pursuant to the Unsecured Loan Agreement dated effective September 6, 2019 whereby the Company borrowed US$4,800,000 from Taiga Mining Company, Inc. (“Taiga”) (see press release: September 9, 2019 : “Graphite One Signs US$4.8 million Loan Agreement”), the Company has provided notice on July 23, 2021 to Taiga that the Company will exercise its option to extend the loan repayment from September 6, 2021 to September 6, 2022. Interest will continue to be accrued throughout the extended term of the loan. Taiga has accepted and agreed to the extension.