February 13, 2024 – Vancouver, British Columbia – Graphite One Inc. (TSX-V: GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”) announces today that it intends to amend the terms of the aggregate 11,955,677 outstanding common share purchase warrants (the “Warrants”) due to expire on August 28, 2024, November 21, 2024 and September 17, 2024.
The Warrants were issued in connection with: (i) a private placement transaction that closed in two tranches, on August 28, 2022 and November 21, 2022 and are currently exercisable at Cdn$1.50 per common share, and (ii) a private placement transaction that closed on September 17, 2023 and are currently exercisable at Cdn$1.21 per common share.