Global LI-Ion Announces Non-Brokered 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 ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia , Canada (August 26, 2020 ) – Global Li -Ion Graphite Corp .
(“Global Li-Ion” or, the “Company”) (CSE: LION) is pleased to announce that it has arranged a
non-brokered private placement of units of the company at a price of $0.06 per unit for
aggregate proceeds of up to $ 540,000 (the “Private Placement ”), in accordance with price
protection filed on the Canadian Securities Exchange on July 24th 2020. Each unit is comprised
of one common share in the Company (a “Common Share”) and one warrant exercisable into
one Common Sha re at an exercise price of $0. 10 per Common Share for the first year and
$0.15 for the second year from the date of issuance.
The Company will close the financing during the week of Sept 1st, 2020. All securities issued
under this Private P lacement will be subject to a hold period of four months and one day from
the date on which the units are issued.
The Company intends to use the proceeds of the Private Placement for general working capital.
The Company may pay finders fees under the Private Placement within the amounts permitted
by applicable securities laws and CSE policies.
Management of Li-Ion is not aware of any material facts or material changes with respect to the
Company that have not been generally disclosed.
About Global Li-Ion
Global Li-Ion Graphite is an exploration and development Company focused on the acquisition
and development of Grap hite projects with an inte nt to sup ply the rapidly growing energy
storage industry. Each Li -Ion Battery requires Graphite, Lithium, Cobalt and nickel. The
company’s Chedic Graphite project near Carson City Nevada is only a few miles from Tesla’s
newly buil t and commissioned Giga Fa ctory. Gl obal Li -Ion Graphite is actively evaluating
additional projects for acquisition to build a world class Graphite supply Company.
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.
For Further information about the Company, please contact:
Jason Walsh
Director & Officer
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
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 press release contains forward -looking statements. The use of any of the words
“anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “intend”, “believe” and similar
expressions are intended to identify forward -looking statements. Although the Company
believes that the expectations and assumptions on which the forward -looking statements are
based are reasonable, undue reliance should not be placed on the forward -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 n ature they involve
inherent risks a nd 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 release does not constitute an offer to sell or a solicita tion of an offer to buy an y 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 o ffered 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.