Global Li-Ion Graphite Announces Non-Brokered Private Placement
Vancouver, British Columbia, Canada / TheNewswire / Feb 08, 2019 - Global Li-Ion Graphite Corp. ("Global Li-Ion" or, the "Company") (CSE: LION) is pleased to announce that it has arranged a non-brokered private placement of units of the company at a price of $0.10 per unit for aggregate proceeds of up to $600,000 (the "Private Placement"), in accordance with price protection filed on the Canadian Securities Exchange on Jan 9, 2019. Each unit is comprised of one common share in the Company (a "Common Share") and one warrant exercisable into one Common Share at an exercise price of $0.25 per Common Share for two years from the date of issuance.
The Company will close the financing during the week of February 11, 2019. 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 the units are issued.
The Company intends to use the proceeds of the Private Placement for general working capital. The Company may pay finders fees under the Private Placement within the amounts permitted by applicable securities laws and CSE policies.
Management of Li-Ion is not aware of any material facts or material changes with respect to the Company that have not been generally disclosed.
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:
Director & Officer
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", "intend", "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.
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.
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