Graphite One Closes Second Tranche of Financing

Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) completed and closed on a second tranche of its previously announced financing with an additional $2.95 MM.

As quoted in the press release:

Pursuant to this closing, the Company has issued a total of 22,686,925 units (the “Units”) at a price of C$0.13 per Unit. Each Unit consists of one common share and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a purchase price of $0.20 per share during the first two years from the date of issuance and at a price of $0.25 per share during years three and four from the date of issuance.

Click here to read the Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) press release
Click here to see the Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) profile.