Graphite One Announces Marketed Equity Offering Up to C$18 Million

Core Viewpoint - Graphite One Inc. has announced a private placement offering of up to C$18 million, consisting of units priced at C$0.90 each, to fund environmental studies and general working capital [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at C$1.25 for 12 months post-closing [2]. - The company has granted agents an option to purchase up to an additional 15% of the units at the issue price [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for environmental studies, permitting activities on the Graphite Creek property, a milestone payment to Chenyu, and general working capital [3]. Group 3: Regulatory Compliance - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange, and is being conducted under the "listed issuer financing exemption" from the prospectus requirement [3][4]. - The securities offered will not be subject to a hold period under applicable Canadian securities laws [3]. Group 4: Company Overview - Graphite One Inc. aims to become a U.S. producer of high-grade anode materials integrated with a domestic graphite resource, focusing on the lithium-ion electric vehicle battery and energy storage markets [6].