VANCOUVER, BC, Jan. 14, 2023 /CNW/ – Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (“A Graphite” or the “Company”) received a request from OTC Markets Group Inc. (“OTC markets“) to issue a statement about the new promotional activity regarding its common features (the “Common features“).
on January 12, 2023OTC Markets has notified the Company that it is aware of certain promotional activities regarding the Company and the Common Shares traded on the OTCQX Marketplace, including the distribution of digital marketing materials and emails that promotional newsletter published by Promethean Marketing Inc. (“Promethean“) and its affiliates that discuss the Company, its business, and the graphite industry in general. The marketing materials also contain summaries of recent news releases issued by the Company .OTC Markets provides samples of promotional material for reference.
Promethean is a third-party digital marketing company retained by the Company to provide communications and digital media services. The information contained in the marketing materials are factual statements about the Company, its business, and the graphite industry.
The Company provides Promethean with publicly available sources of information for its marketing materials and maintains editorial control over the wording of the materials, including reviewing the materials for factual accuracy prior to their dissemination. The Company does not believe that statements in marketing materials and newsletter emails are false or misleading. The appointment of Promethean, the nature of the relationship between Graphite One and Promethean as well as the compensation to be paid to Promethean were disclosed to the public in a press release on May 10, 2022, which can be found under the Company’s profile on SEDAR and on the Company’s website. As disclosed in May 10, 2022 news release, to the best of our knowledge, Promethean or any of its principals owns any common shares, directly or indirectly, in the Company. The start of digital marketing campaigns begins with October 1, 2022.
Over the past 12 months, the Company has engaged Promethean and TD Media LLC dba Life Water Media LLC to provide digital marketing services including content creation, distribution, and market awareness campaigns.
Since the start of the digital marketing campaigns there has been no unusual or significant trading volume in the Common Shares.
Following an inquiry by management, certain directors, officers, and a controlling person purchased a total of 905,000 Common Shares of the Company from the exercise of warrants and stock options during the past 90 days of which 20,000 Common Shares are sold.
on August 30, 2022The Company closed the first tranche of non-brokered private placement of 8,762,071 units at a price of $1.15 per unit for gross profit of $10,076,382 and closed the last tranche of November 21, 2022 of 560,916 units for gross proceeds of $645,052. the $1.15 each unit is a 7% discount on the closing price August 8, 2022 announcement of non-brokered private placement.
on September 19, 2022The Company announced the return of a share for debt transaction (“Debt Payment Transaction“) with Taiga Mining Company, Inc US$6,775,230 due to an unsecured loan facility dated September 9, 2019, as revised and enlarged. Pursuant to the amended terms of the Debt Settlement Transaction, the Company issued 9,296,328 common shares at a consideration price of $0.95 per share in full debt settlement, which is a 17% discount on the closing price of August 23, 2022 notice of shares for debt settlement.
About Graphite One Inc.
GRAPHITE ONE INC. (TSX–V: GPH; OTCQX: GPHOF) continues to develop its Graphite One Project (the “Project”), with the goal of becoming an American producer of high-grade anode materials integrated with a domestic graphite resources. The Project is proposed as a vertically integrated business to mine, process and manufacture high grade anode materials specifically for the lithium-ion electric vehicle battery market. As outlined in the Company’s 2022 Pre-Feasibility Study, the potential graphite mineralization mined from the Company’s Graphite Creek Property is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant will be located on the Graphite Creek Property located on the Seward Peninsula approximately 60 kilometers north of Nome, Alaska. Graphite anode materials and other value-added graphite products will be produced from the concentrate and other materials at the Company’s proposed advanced graphite manufacturing facility expected to be located in Washington. The Company intends to make a decision on the production of the Project after a Feasibility Study.
On behalf of the Board of Directors
“Anthony Huston” (signed)
For more information on Graphite One Inc., please visit the Company’s website, www.GraphiteOneInc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Graphite One Inc.
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