Graphite One Announces Closing Second Tranche of Financing and Awarding of Options
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GRAPHITE ONE ANNOUNCES CLOSING SECOND TRANCHE OF
FINANCING AND AWARDING OF OPTIONS
May 16, 2019 ‐‐ G r a p h i t e O n e I n c . ( G P H : T S X ‐ V ; G P H O F : O T C Q B ) ( “ G r a p h i t e O n e ” or the
“Company”) announced today it has has completed the second tranche of a non‐brokered private
placement offering, raising gross proceeds from both tranches of the financing to CA$2 million, a nd also
the awarding of options.
CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
The Company has completed the second and final tranche of the private placement previously announced
on April 1, 2019 and April 22, 2019 (the “ Offering”), raising gross proceeds from both tranches of the
financing to CA$2 million. 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.
The Company has issued 435,033 Units (the “Units”) in this second tranche, at a price of CA$0.30 per Unit
for a total of CA$130,510. 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$0.30 p er Common Share and will expire one
year from the date of issuance. A total of 5,336 Broker warrants and $1,600 was paid in finder’s fees.
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.
The Offering is subject to receipt of final applicable regulato ry approvals including approval of the TSX
Venture Exchange. All securities issued in connection with the O f f e r i n g w i l l b e s u b j e c t t o a r e s t r i c t e d
period that expires four months and a day following the date of issuance.
GRANT OF OPTIONS
The Company also announces that the board of directors of the Company has approved an incentive stock
option grant to directors, officers and consultants of the Comp any for the purchase of 1,800,000 shares
of Graphite One in accordance with the Company’s shareholder approved stock option plan. The options
are exercisable at a price of $0.30 per share, all vesting immediately and expiring on May 15, 2024.
Upon the granting of the options described above, Graphite One will have 4,015,000 options outstanding,
which represents approximately 9.9% of the 40,609,143 common sh ares of the Company currently
outstanding. Graphite One’s stock option plan limits the issua nce of options to no more than 10% of the
outstanding common shares.
ABOUT GRAPHITE ONE
GRAPHITE ONE INC. continues to develop its Graphite Creek Project (the “Project”), whereby the
Company could potentially become an American producer of high g rade Coated Spherical
Graphite (“CSG”) that is integrated with a domestic graphite re source. The Project is proposed
as a vertically integrated enterprise to mine, process and manu facture high grade CSG primarily
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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
p r o p o s e d p r o c e s s i n g p l a n t w o u l d b e l o c a t e d o n t h e G r a p h i t e C r e ek Property situated on the
S e w a r d P e n i n s u l a a b o u t 6 0 k i l o m e t e r s n o r t h o f N o m e , A l a s k a . C SG and other value‐added
graphite products would likely be manufactured from the concent rate 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 d ecision 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]
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 that address actual use of
proceeds, receipt of regulatory approvals, implementation of a more established shipment
program, exploration drilling, exploitation activities, future production, establishment of a
processing plant, and events or developments that the Company expects, are forward‐looking
statements. Although the Company believes the expectations expr essed 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, ch anges 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 i nformation, which is given as of
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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 th e Company, investors should rev iew the Company's continuous
disclosure filings that are available at www.sedar.com.