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Graphite One Announces Amendments to Previously Announced Marketed Equity Offering
Globenewswire· 2025-08-18 20:06
Core Points - Graphite One Inc. has amended the terms of its previously announced private placement offering, now consisting of units that include one common share and one warrant, with the warrant allowing the purchase of a common share at C$1.10 for 24 months [1][2] - The offering is expected to close on or about August 22, 2025, pending necessary regulatory approvals [4] - The units are being offered under the "listed issuer financing exemption," which allows for the sale of securities without a hold period in Canada [3] Company Overview - Graphite One Inc. is focused on developing its Graphite One Project, aiming to become a U.S. producer of high-grade anode materials integrated with a domestic graphite resource [7]
Graphite One Announces Marketed Equity Offering Up to C$18 Million
Globenewswire· 2025-07-23 22:03
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].