GLOBAL LI-ION ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia, Canada (Monday 17, 2017) – Global Li-Ion
Graphite Corp. (“Global Li-Ion” or, the “Company”) (CSE: LION) is pleased to
announce that it intends to complete a non-brokered private placement of
units of the company (each, a “Unit”) at a price of C$0.20 per Unit, with
each Unit being comprised of one common share of the Company (a “Common
Share”) and one warrant exercisable into one Common Share at an exercise
price of $0.50 per Common Share for a period of 12 months from the date of
issuance (the “Private Placement”) for aggregate gross proceeds of up to
CAD$1.5 million Dollars.
All securities issued under this Private Placement will be subject to a hold
period of four months and one day from the date on which these Units are
issued.
The Company intends to use the proceeds of the Private Placement for general
working capital.
About Global Li-Ion
Global Li-Ion Graphite is an exploration and development Company focused on
the acquisition and development of Graphite projects with an intent to
supply 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 built
and commissioned Giga Factory. Global 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
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: info@liongraphite.com
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”, “should”, “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 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.