Graphite One Inc.: Graphite One Announces Closing CA$10 Million in Financings and Awarding of Options
VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Graphite One Inc.
(TSX-V:GPH)(OTCQB:GPHOF)
("Graphite One" or the "Company") announced today it has completed two non-brokered private placement offerings, raising gross proceeds from both financings of CA$10 million and grants options.
Closes Private Placements
The Company has completed the two private placements previously announced on January 20, 2021 for CA$8 million and February 4, 2021 for CA$2 million (the "
Offerings"), raising aggregate gross proceeds from both Offerings of CA$10 million. The net proceeds of the Offering will be used for the continued evaluation of the Company's advanced graphite materials supply chain Project, completion of the Pre-Feasibility Study planned for mid-year 2021 and for general working capital purposes.