Srg Graphite Inc. Announces Underwriters’ Full Exercise of over -Allotment Option
SRG Graphite Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE FOR IMMEDIATE RELEASE
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES
SRG GRAPHITE INC. ANNOUNCES UNDERWRITERS’ FULL
EXERCISE OF OVER -ALLOTMENT OPTION
Montreal, Quebec, June 15 , 2018 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the
“Company”) is pleased to announce that the syndicate of underwriters co-led by National Bank
Financial Inc. and TD Securities Inc. and including Macquarie Capital Markets Canada Ltd.,
Beacon Securities Limited and Clarksons Platou Securities AS (collectively, the “Underwriters”)
for its May 2018 public offering (the “Offeri ng”) of units of the Compa ny (“Units”) has fully
exercised the over -allotment option (the “Over -Allotment Option”) granted under the Offering to
purchase 800,100 additional Units at a price of $1.50 per Unit (the “Offering Price”) for
additional gross proceeds to the Company of $ 1,200,150. This results in aggregate gross
proceeds of the Offering, including the exercise of the Over-Allotment Option on the date hereof,
of $9,201,150. In addition to the previously announced concurrent private placement with Coris
Capital S.A., this brings the aggregate gross proceeds of the raise to $11,201,150.
Each Unit issued under the Over -Allotment Option is comprised of one common share of the
Company (a “Common Share”) and one Common Share purchase warrant of the Company (a
“Warrant”). Each Warrant will entitle the holder thereof to acquire one additional Common Share
at an exercise price of $2.30 per Com mon Share at any time for a period of 12 months from the
closing of the Offering as press released on May 18, 2018 .
The Company intends to use the proceeds from the Offering and the Over-Allotment Option for
advancement of the Company’s Lola graphite project, including, in the near term, to further
regional exploration and infill resource drilling and to progress towards a feasibility study; for
continued exploration of its Gogota cobalt -nickel-scandium p roject; and for general working
capital purposes.
The Offering was made pursuant to a short form prospectus dated May 11, 2018 (the
“Prospectus”) , filed in each of the Provinces of Canada and available on SEDAR at
www.sedar.com.
This news release does no t constitute an offer to sell or a solicitation of an offer to buy any of
the securities in the United States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
ABOUT SRG
SRG is a Canadian -based company focused on developing the Lola graphite deposit and the
Gogota cobalt-nickel-scandium deposit located in the Republic of Guinea, West Africa. SRG is
committed to operating in a socially, environmentally and ethically responsible manner.
For additional information, please visit SRG’s website at www.srggraphite.com.
For more information contact:
Ugo Landry -Tolszczuk
Tel: +1 (514) 679 -4196
Email: [email protected]
Benoit La Salle, FCPA FCA
Tel: +1 (514) 951 -4411
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is def ined
in the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature may
constitute forward -looking information. Generally, such forward -looking information can be
identified by the u se of forward -looking terminology such as “reduce”, “suggest”, “opportunity”,
“demonstrate”, or variations of such words and phrases or state that cert ain actions, events or
results “may”, “could”, “would” or “ might” occur . Forward -looking information is s ubject to known
and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward -looking informati on, including but not limited to: (i) the
Company’s use of proceeds of the Offering and the Over -Allotment Option may differ from those
indicated; (ii) volatile stock price; ( iii) the general global markets and economic conditions;
(iv) the possibility of write-downs and impairments; ( v) the risk associated with exploration,
development and operations of mineral deposits; ( vi) the risk associated with establishing title to
mineral properties and assets; ( vii) fluctuations in commodity prices and other risks and factors
described or referred to in the section s entitled “Risk Factors” in the Annual Information Form of
the Company and the Prospectus available at www.sedar.com, all of which should be reviewed
in conjunction with the information found in this new s release.
Forward-looking information is based on assumptions management believes to be reasonable
at the time such statements are made, including but not limited to, continued exploration
activities and no material adverse change in mineral prices. Alth ough the Company has
attempted to identify important factors that could cause actual results to differ materially from
those contained in the forward -looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that such forward -
looking information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such forward -looking information. Such forward -looking
information ha s been provided for the purpose of assisting investors in understanding the
Company's business, operations and exploration plans and may not be appropriate for other
purposes. Accordingly, readers should not place undue reliance on forward -looking informat ion.
Forward-looking information is given as of the date of this press release, and the Company does
not undertake to update such forward -looking information except in accordance with applicable
securities laws.