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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.
The Nome Gold Rush and Three Lucky Swedes The Nome Gold Rush and Three Lucky Swedes
The California Gold Rush certainly was in a far-off land for the Americans of the time, who had to trek long distances to get to their final destination. But the 49’ers had nothing on those brave adventurers who went to Nome, Alaska to seek their fortunes in 1899. This brings us to the Nome Gold Rush.
While Nome, Alaska was owned by the United States at the time of the Nome Gold Rush, it might as well have been Mars, both in terms of getting there and in terms of surviving in the harsh and unforgiving climate. Despite the apocryphal quip often attributed to Mark Twain, that the worst winter he ever saw was June in San Francisco, there is simply no comparison between a miserable Northern California summer and any day of the week in Nome, Alaska.
US government gives high priority status to Graphite One’s Alaskan project
Drill platform at Graphite One’s Graphite Creek project in western Alaska. Credit: Graphite One
In mid-January Graphite One’s (TSX: GPH; US-OTC: GPHOF) Graphite Creek project in Alaska was designated as a High-Priority Infrastructure Project (HPIP) by the US. government’s Federal Permitting Improvement Steering Committee (FPISC). The approval comes after the project was originally nominated for HPIP designation by Alaskan governor Mike Dunleavy in October, 2019.
In his 2019 nomination letter to the FPISC, Governor Dunleavy wrote that designating Graphite Creek as a High-Priority Infrastructure Project “will send a strong signal that the US. intends to end the days of our 100% import-dependency for this increasingly critical mineral.”
Graphite One Inc.: Graphite One Announces CA$2 Million Financing
VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Graphite One Inc.
(TSX-V:GPH)(OTCQB:GPHOF) ( Graphite One or the Company ) announces that it intends to complete a non-brokered private placement offering (the
Offering ) to raise gross proceeds of up to CA$2,000,000.
The Company plans to issue up to 2,564,103 units (the
Units ) at a price of CA$0.78 per Unit. Each Unit consists of one common share (a
Common Share ) and one transferable common share purchase warrant (a
Warrant ). Each Warrant entitles the holder to purchase one full Common Share at a purchase price of CA$0.98 per Common Share and will expire two years from the date of issuance. The Warrants include an accelerated exercise clause whereby, in the event the Common Shares trade at a volume of CA$1.45 or more on the TSXV or the Toronto Stock Exchange (if so listed at such time) for 10 consecutive trading days, the Company may, at its option,