GLOBAL LI-ION GRAPHITE CLOSES NON-BROKERED PRIVATE PLACEMENT
LION: CSE GBBGF:OTC 0TD:F
Vancouver, BC – April 27, 2018 – Global Li-Ion Graphite Corp. (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”), generating gross proceeds of $549,998.55.
Pursuant to the Private Placement, an aggregate of 1,222,219 flow through units (each a “Unit”) were issued at a price of $0.45 per Unit. Each Unit consists of one flow through common share and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one common share for a period of one year at a price of $0.75.
The securities issued under the Private Placement will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable securities regulations. No finder’s fees were paid in connection with the Private Placement.
The proceeds of the Private Placement will be used for a conformation drill program on the Company’s Manitoba Neuron Graphite Project set for the first half of 2018.
For further information on the Company, please contact:
Global Li-Ion Graphite Corp.
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
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 forwardlooking 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 release 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 (the “U.S. Securities 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.