SRG Graphite Closes Tranche 1 of $3M Strategic Equity Financing with CORIS Capital SA
SRG Graphite Inc.
Suite 132, 1320 Graham,
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE NR 2017-11
FOR IMMEDIATE RELEASE
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITE D STATES.
SRG Graphite Closes Tranche 1 of $3M Strategic Equity
Financing with CORIS Capital SA
Montreal, Quebec, August 31, 2017 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the
“Company”) Is pleased to announce the closing of tr anche 1 of the non-brokered private
placement (the “ Private Placement ”) announced on August 15, 2017 with Coris Capital SA. The
Corporation has issued a total of 5,250,000 units (the “ Units ”) of SRG at a price of $0.40 per
Unit for gross proceeds of CAD$2,100.000.
Each Unit is comprised of one common share of the C ompany (a “ Share ”) and one-half of one
non-transferable share purchase warrant. Each whol e warrant (a “ Warrant ”) will entitle CORIS
to purchase for a period of 24 months from the date of closing (the “ Expiry Date ”), one
additional common share of the Company (a “ Warrant Share ”) at an exercise price of $0.50 per
Warrant Share.
CORRECTION : The remaining CAD$900,000 of the Private Placeme nt will close on or before
September 9, 2017 pending approval of documentation filed with the TSX-V.
The Private Placement is subject to certain conditions including, but not limited to, the receipt of
all necessary approvals, including the final approv al of the TSX Venture Exchange. All
securities issuable pursuant to the Private Placeme nt are subject to a four month hold period
from the date of issuance in accordance with applic able Canadian securities laws.
No finders’ fees or commissions will be payable. Net proceeds from the Private Placement will
be used for exploration purposes and general working capital requirements.
ABOUT CORIS Capital SA
Coris Capital SA is a Mauritius-based company and a member of the Coris Group, which is
controlled by Mr. Idrissa Nassa and includes Coris Capital SA and Coris Holdings SA. It has
activities and investments in finance, telecom, mining and in the industrial sector. Coris Holdings
SA is a private company based in Burkina Faso with investments in the banking (Coris
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International Bank), insurance (Coris Insurance), w ealth management (Coris Financial
Management) and industrial sectors (General Mining Logistics). Its activities are focused mainly
in West Africa.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola Graphite deposit, located in
the Republic of Guinea, West Africa. SRG is committ ed to operate in a socially, environmentally
and ethically responsible manner.
For additional information, please visit SRG’s website at www.srggraphite.com .
For more information contact:
SRG Graphite Inc. (SRG)
Dr. Marc-Antoine Audet, President & CEO
Tel.: (514) 726-4158
Email: [email protected]
Jean-Paul Blais
NXT Communications
Tel.: +1 (514) 867-7447
Email: [email protected]
Neither the TSXV nor its Regulation Services Provid er (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains forward-looking statements. More particularly, this release contains
statements concerning the anticipated Private Place ment. Although SRG believes that the
expectations reflected in these forward-looking sta tements are reasonable, undue reliance
should not be placed on them because SRG can give n o assurance that they will prove to be
correct. Since forward looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The closing of the Private Placement could
be delayed if SRG is not able to obtain the necessa ry regulatory and stock exchange approvals
on the timelines it has planned. The Private Place ment will not be completed at all if these
approvals are not obtained or some other condition to the closing is not satisfied. Accordingly,
there is a risk that the Private Placement will not be completely sold, completed within the
anticipated time or at all. Additional information on these and other factors that could affect
SRG’s operations and financial results are included in reports on file with Canadian securities
regulatory authorities and may be accessed through the SEDAR website ( www.sedar.com ).