January 14, 2023
Graphite One Inc. (TSX-V: GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”) has received a request from OTC Markets Group Inc. (“OTC Markets”) to issue a statement about recent promotional activity concerning its common shares (the “Common Shares”).
On January 12, 2023, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and the Common Shares traded on the OTCQX Marketplace, including the distribution of digital marketing materials and promotional newsletter emails published by Promethean Marketing Inc. (“Promethean”) and its affiliates discussing the Company, its business, and the graphite industry in general. The marketing materials also contain summaries of recent news releases issued by the Company. OTC Markets provided samples of the promotional material for reference.
Promethean is a third-party digital marketing firm retained by the Company to provide communications and digital media services. The information contained in the marketing materials are factual statements regarding the Company, its business, and the graphite industry.