Global LI-Ion Graphite Closes 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 GRAPHITE CLOSES NON-BROKERED PRIVATE PLACEMENT
LION: CSE GBBGF:OTCQB 0TD:F
Vancouver, BC – January 18, 2023, Global Li-Ion Graphite Corp. ("Global Li-Ion" or the
“Company”) (LION) is pleased to announce that it has completed a non-brokered private placement
(the "Offering"). In connection with the closing of the Offering, the Company issued an aggregate of
5,654,00 units (the "Units") at a price of CDN$0.05 per Unit for gross proceeds of CDN$282,700.
Each Unit consists of one common share in the capital of the Company (a “Share”) and one whole
transferable common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to
acquire one Share at an exercise price of CDN$0.15 per Share until January 18, 2024, which is 12
months from the date of issuance.
Insiders of the Company acquired an aggregate of 400,000 Units in the Offering, which participation
constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of
Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from
the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair
market value of the Units acquired by the insiders, nor the consideration for the Units paid by such
insiders, exceed 25% of the Company's market capitalization.
Global Li-Ion intends to use the net proceeds of the Offering for general working capital.
The Company will pay no finder's fees in connection with subscriptions from subscribers introduced to
this Offering.
The securities issued under the Offering, and any Shares that may be issuable on exercise of any such
securities, will be subject to a statutory hold period expiring four months and one day from the date of
issuance of such securities.
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 exp ectations 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 (th e “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.