Global Li-Ion Announces Closing of Private Placement LION CSEGBBGF. OTCQB0TD.
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Global Li-Ion Announces Closing of Private Placement
LION CSEGBBGF. OTCQB0TD. F Vancouver, British Columbia, Canada (April 21, 2026) – Global Li-Ion Graphite Corp. (“Global Li-Ion” or, the “Company”) (CSE: LION) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) of 10,000,000 units of the Company (each, a “Unit”) at a price of $0.025 per Unit for gross proceeds of $250,000. Each Unit consists of one (1) common share in the capital of the Company (a “Share”) and one (1) common share purchase warrant (a “Warrant”). Each Warrant will be exercisable into one (1) Share for two years from the date of issuance (the “Exercise Period”) at an exercise price $0.10 per Share for the first year of the Exercise Period and at an exercise price of $0.20 for the second year of the Exercise Period. The Proceeds of the Offering will be used for business development and general corporate purposes. All securities issued pursuant to the Offering will be subject to a statutory four-month and one day hold period. No finders fees were payable in connection with the Offering.
One insider of the Company participated in the Offering through the subscription of 2,700,000 Units, thereby making the Offering a "related party transaction", as defined under Multilateral Instrument - Protection of Minority Security Holders in Security Transactions ("MI 61-101"). The Offering was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is not listed on a specified market (as set out in Section 5.5(b) of MI 61-101) and the fair market value of the Units issued to, nor the consideration paid by, the insider did not exceed $2,500,000 (as set out in Section 5.7(1)(b) of MI 61-101). A material change report in respect of the Offering was not filed 21 days before closing of the Offering, as the closing date and the participation by the related party were not settled until shortly prior to closing and the Company wished to complete the Offering in an expeditious manner for sound business reasons.
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.globalli-iongraphite.com.
The securities referred to in this news release 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, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. “United States” and “U.S. person” have the respective meanings assigned in Regulation S under the U.S Securities Act.
For Further information about the Company, please contact:
Jason Walsh
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.
Forward-Looking Information:
This news release contains certain forward-looking statements within the meaning of applicable securities laws. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements made in this news release include statements regarding the Offering and the anticipated use of proceeds of the Offering. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this news release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.