2021 02 04 Announces Financing 2021-2-1
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2021 02 04 Announces Financing 2021-2-1
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Graphite One Announces CA$2 Million Financing
February 4, 2021 – Vancouver, British Columbia – Graphite One Inc. (GPH: TSX-V; GPHOF: OTCQB)
(“Graphite One” or the “Company”) announces that it intends to complete a non-brokered private
placement offering (the “Offering”) to raise gross proceeds of up to CA$2,000,000.
The Company plans to issue up to 2,564,103 units (the “Units”) at a price of CA$0.78 per Unit. Each Unit
consists of one common share (a “Common Share”) and one transferable common share purchase
warrant (a “Warrant”). Each Warrant entitles the holder to purchase one full Common Share at a
purchase price of CA$0.98 per Common Share and will expire two years from the date of issuance. The
Warrants include an accelerated exercise clause whereby, in the event the Common Shares trade at a
volume of CA$1.45 or more on the TSXV or the Toronto Stock Exchange (if so listed at such time) for 10
consecutive trading days, the Company may, at its option, issue a press release and a notice to the Warrant
holder for the expiry of the Warrants on the date that is 45 days from the press release and notice and
the Warrant holder may exercise the Warrants during this 45 day period but no later than the expiry date.
The Company may pay finders' fees to arm’s-length parties in connection with the Offering.
The net proceeds of the Offering will be used for exploration and development of the Company’s Graphite
Creek Project and for general working capital purposes including Graphite One’s Pre-Feasibility Study,
projected for completion by the end of Q2 2021.
Closing is expected to occur around the end of February 2021, subject to receipt of final applicable
regulatory approvals including approval of the TSX Venture Exchange. All securities issued in connection
with the Offering will be subject to a restricted period that expires four months following the date of
issuance.
This media release does not 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 Graphite One
GRAPHITE ONE INC. (GPH: TSX-V; GPHOF: OTCQB) continues to develop its Graphite One Project (the
“Project”), whereby the Company could potentially become an American producer of high grade Coated
Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The Project is proposed
as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the
lithium-ion electric vehicle battery market. As set forth in the Company’s Preliminary Economic
Assessment, potential graphite mineralization mined from the Company’s Graphite Creek Property, is
expected to be processed into concentrate at a graphite processing plant. The proposed processing plant
would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers
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2021 02 04 Announces Financing 2021-2-1
north of Nome, Alaska. CSG and other value-added graphite products, would likely be manufactured from
the concentrate at the Company’s proposed graphite product manufacturing facility, the location of which
is the subject of further study and analysis. The Company intends to make a production decision on the
Project once a feasibility study is completed.
ON BEHALF OF THE BOARD OF DIRECTORS
"Anthony Huston” (signed)
For more information on Graphite One Inc please visit the Company’s website,
www.GraphiteOneInc.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 889-4251
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be forward-looking statements. All
statements in this release, other than statements of historical facts that address timing of closing the
Offering, final amount raised under the Offering, the participation of insiders in the Offering, receipt of
regulatory approvals, exploration drilling, exploitation activities and events or developments that the
Company expects, are forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to differ materially from those
in forward-looking statements include market prices, exploitation and exploration successes, continuity of
mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays
due to third party opposition, changes in government policies regarding mining and natural resource
exploration and exploitation, and continued availability of capital and financing, and general economic,
market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking
information, which is given as of the date it is expressed in this press release, and the Company undertakes
no obligation to update publicly or revise any forward-looking information, except as required by
applicable securities laws. For more information on the Company, investors should review the Company's
continuous disclosure filings that are available at www.sedar.com.