Closing $0.10 Units Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
908 – 510 Burrard Street
Vancouver, B.C. V6C 3A8
GLOBAL LI-ION GRAPHITE CLOSES NON-BROKERED PRIVATE PLACEMENT
LION: CSE GBBGF:OTCQB 0TD:F
Vancouver, BC – February 12, 2019 – Global Li-Ion Graphite Corp. (the “Company”) is pleased
to announce that further to its news release dat ed February 8, 2019, it has c losed a non -
brokered private placement (the “ Offering”), generating gross proceeds of $ 609,600.00 by
issuance of 6,096,000 units (each a “ Unit”) at a price of $0.10 per Unit . Each Unit consists of
one common share and one common share purchase warra nt (a “ Warrant”). Each W arrant
entitles the holder to purchase one common share for a period of two years at a price of $0.25.
In addition, the Company settled outstanding debt with a related party for $31,250 by issuance
of 312,500 Units.
The securities issued under the Offering and debt settlement will be subject to a hold period of
four months and one day from the closing date of the Private Placement, in accordance with
applicable securities regulations.
The issuance of the Units in the debt settlement transaction and a portion of the Offering
constitute Related Party Transactions within the meaning of Multilateral Instrument 61-101, as a
director of the Company and two entities who share a mutual director as the Company will
receive an aggregate of 1,568,500 Units. All the directors of the Company without a material
interest in the debt settlement, acting in good faith, considered the debt settlement and have
determined that the value of the consider ation to be received by the Company for the Units is
fair and reasonable. The Company is relying on exemptions from the formal valuation and
minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-
101 as the fair mar ket value of the debt settlement insofar as it involve s Related Parties, does
not exceed 25 per cent of the market capitalization of the Company. Additionally, no new Insider
nor new Control Person will be created as a result of either the debt conversion transaction or
the private placement Offering.
For further information on the Company, please contact:
Jason Walsh
Chairman
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or
accept responsibility for the adequacy or accuracy of this press release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
Forward-Looking Information:
This press release contains forward -looking statements. Th e use of any of the words
“anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” an d
similar expressions are intended to identify forward -looking statements. Although the Company
believes that the expectations and ass umptions on which the forw ard-looking statements are
based are reasonable, undue reliance should not be placed on the forw ard-looking statements
because the Company can give no assurance that they will prove to be correct. Since forward -
looking statements address future events and conditions, by their very nature they involve
inherent risks and uncertainties. These statements speak only as of the date of this press
release. Actual results could differ materially from those currently anticipated due to a number of
factors and risks discussed in the Company's Management's Discussion and Analysis under the
Company's profile on www.sedar.com. While the Company may elect to, it does not undertake
to update this information at any particular time.
This news relea se 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. Securitie s Act”) or any state
securities laws and may not be offered or sold within the United States unless registered under
the U. S. Securities Act and applicable state securities laws or an exemption from such
registration is available.