Graphite One Announces Adoption of Omnibus Plan
WWW.GRAPHITEONEINC.COM GPH: TSX-V GPHOF: OTCQB
GRAPHITE ONE ANNOUNCES ADOPTION OF OMNIBUS PLAN
June 22, 2021 - Graphite One Inc. (GPH: TSX-V; GPHOF: OTCQX) (“Graphite One” or the “Company”)
reports the adoption of the new Omnibus Equity Incentive Plan (the "Plan"), which was
approved by the Company's relevant disinterested shareholders at its Annual General and
Special Meeting of Shareholders held on June 15, 2021. The Board determined that it is
desirable to have a wide range of incentive awards, including restricted share units, deferred
share units, performance units and other share-based awards (collectively, the “Awards”) to
attract, retain and motivate employees, directors and consultants of the Company.
The Omnibus Plan is a fixed plan which reserves for issuance a maximum of 6,520,000 common
shares. As conditionally accepted by the TSXV, the common shares reserved for issuance under
the Omnibus Plan will not be deducted from the number of common shares issuable under the
Stock Option Plan. Additionally, the Company shall not, subject to approval by Disinterested
Shareholders or other requirements of applicable Exchange Rules grant Awards i) to any one
Person in any 12 month period which could, when exercised, result in the issuance of Shares to
such Person exceeding 5% of the issued and outstanding Shares of the Company granted under
the Omnibus Plan and the Company’s other share-based compensation plans, unless the
Company has obtained the requisite Disinterested Shareholder Approval to the grant; ii) to any
one Consultant in any 12 month period which could, when exercised, result in the issuance of
Shares to such Person exceeding 2% of the issued and outstanding Shares of the Company
granted under the Omnibus Plan and the Company’s other share-based compensation plans; or
iii) in any 12 month period, to Persons who are insiders which could, when exercised, result in
the issuance of Shares to such Persons exceeding 10% of the issued and outstanding Shares of
the Company granted under the Omnibus Plan and the Company’s other share-based
compensation plans, unless the Company has obtained the requisite Disinterested Shareholder
Approval to the grant. Subject to the 10% rolling limit with the Stock Option Plan and the
6,520,000 common share limit with the Omnibus Plan, the Company will have the flexibility to
grant and award insiders any combination of Awards and options as appropriate and
determined under the Company’s compensation policies. Please refer to the Company's
Management Information Circular dated May 18, 2021, which is available on SEDAR at
www.sedar.com for a copy and summary of the Omnibus Equity Incentive Plan.
About Graphite One
GRAPHITE ONE INC. (GPH: TSX-V; GPHOF: OTCQB) (the “Company”), is a developing advanced graphite
materials company. Planning continues on its Graphite One Project (the “Project”), whereby it could
become an American producer of high grade Coated Spherical Graphite (“CSG”) 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 and energy
storage systems as well as other value-added products. As set forth in its Preliminary Economic
Assessment, graphite mineralization, mined from the Company’s Graphite Creek Property, would be
processed into concentrate at a plant to be located on the Graphite Creek Property situated on the Seward
Peninsula about 60 kilometers north of Nome, Alaska. CSG and other value-added graphite products
would be manufactured from the concentrate at the Company’s proposed advanced graphite materials
WWW.GRAPHITEONEINC.COM GPH: TSX-V GPHOF: OTCQB
manufacturing facility whose location is being investigated. The Company is progressing the Project’s Pre-
Feasibility Study and intends to make a production decision 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]
Investor Relations Contact
1-604-684-6730
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 t hat address actual use of proceeds
including the timing and completion of the anticipated Pre -Feasibility Study , receipt of regulatory
approvals, implementation of a more established shipment program, exploration drilling, exploitation
activities, future p roduction, establishment of a processing plant, 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 po licies 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.