Graphite One Successfully Completes $678,800 Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Graphite One Successfully Completes $678,800 Financing
August 24, 2017 – Vancouver, British Columbia – Graphite One Resources Inc. (GPH: TSX‐V; GPHOF:
OTCQB) (“Graphite One” or the “Company”) is pleased to announce that it has completed a non‐
brokered private placement offering (the “Offering”), raising gross proceeds of CA$678,800. A
significant portion of the placement is from an Alaskan, privately‐held mining company with decades of
experience developing, permitting and operating Alaska mining projects.
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.
“We are delighted to welcome a strategic partner who brings critical expertise to move our project
forward,” said Anthony Huston, President and Chief Executive Officer of GPH. “Making this placement
at a premium to the current market price suggests our project’s potential to be an important source of
U.S. graphite, at a time when the U.S. is 100% import‐dependent for its graphite supply.”
The Company has issued 9,697,143 Units (the “Units”) at a price of CA$0.07 per Unit for a total of
CA$678,800. 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$0.12 per Common Share and will expire on the earlier of: (a)
five years from the date of issuance; and (b) in the event the Common Shares trade at a volume of
CA$0.21 or more on the TSXV Venture Exchange or the Toronto Stock Exchange for 10 consecutive
trading days, the Company may, at its option, issue a press release and a notice to the Warrantholder
for the expiry of the Warrants on the date that is 45 days from the press release and notice and the
Warrantholder may exercise the Warrants during this 45 day period (but no later than five years from
the date of issuance).
No new insiders were created, nor any change of control occurred, as a result of this Offering.
Final closing of the Offering is 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 and a day following the date of issuance.
This press 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.
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ABOUT GRAPHITE ONE RESOURCES INC.
GRAPHITE ONE RESOURCES 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 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 Resources Inc. please visit the Company’s website,
www.GraphiteOneResources.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 697‐2862
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, are forward‐looking statements.
Generally, forward‐looking information can be identified by the use of forward‐looking terminology such
as “proposes”, “expects”, or “is expected”, “scheduled”, “estimates”, “projects”, “intends”, “assumes”,
“believes”, “indicates” or variations of such words and phrases that state that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward‐looking information in this release includes, but is not limited to, statements regarding the
stage and progress of development of the Graphite Creek Project including the ability to actually produce
spherical graphite, ultimate further and final results of additional test‐work, estimated capital and
sustaining costs and the availability of equipment, labour and resources required, the anticipated
applications of graphite in high‐tech, clean tech, energy storage and national security applications and
all other anticipated applications, international demand and ability to transport and enter into such
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markets, the receipt of TSX Venture final approval and the actual use of proceeds from the Offering, are
all 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: (i) volatile stock price, (ii) the results of the product development
test work may not be indicative of the advancement of the project as anticipated, or at all, (iii) market
prices, (iv) exploitation and exploration successes, (v) continuity of mineralization, (vi) uncertainties
related to the ability to obtain necessary permits, licenses and title and delays due to third party
opposition, (vii) changes in government policies regarding mining and natural resource exploration and
exploitation, (viii) competition faced in securing experienced personnel, access to adequate infrastructure
to support mining, processing, development and exploration activities and continued availability of
capital and financing, and (ix) 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.