Graphano Closes Private Placement

Core Viewpoint - Graphano Energy Ltd. has successfully closed a non-brokered private placement financing, raising a total of $375,000 through the issuance of 2,500,000 units at a price of $0.15 per unit [1][2]. Financing Details - The private placement involved the issuance of 2,500,000 units, each consisting of one common share and one common share purchase warrant, with warrants priced at $0.25 for a period of 36 months [2]. - The financing was conducted under the Listed Issuer Financing Exemption, applicable in various provinces of Canada, excluding Quebec and New Brunswick [3]. - The net proceeds will be allocated to fund an airborne geophysical survey, permit filing for bulk samples on specific projects, and general working capital [4]. Regulatory and Compliance Information - The securities issued are immediately tradeable under Canadian securities legislation and are subject to final approval from the TSX Venture Exchange [5]. - The company paid finder's fees totaling $22,500, representing 6% of the gross proceeds from the sale of units placed by the finder [6]. Company Overview - Graphano Energy Ltd. focuses on the exploration and development of energy metals resources, particularly graphite, which is essential for technologies like lithium batteries [8][9]. - The company's Lac Aux Bouleaux property is strategically located near Canada's only producing graphite mine, highlighting its potential in meeting the growing demand for graphite in various industries [9].