CKR CARBON ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
October 30, 2017, TORONTO, ON – CKR Carbon Corporation (“CKR” or the “Company”) (TSX-V: CKR) (FRANKFURT:CB81, WKN:A143MR) an integrated graphite to hybrid graphenes advanced nano material development company is pleased to announce the offering of a non-brokered private placement of up to 35,000,000 working capital units (the “WC Unit”) for up to $2,450,000 (the “Offering”).
Each WC Unit is priced at $0.07 and consists of one (1) common share and one (1) common share purchase warrant (“WC Warrant”). Each WC Warrant entitles the holder to purchase one (1) common share (a “WC Warrant Share”) at a price of $0.10 per WC Warrant Share until the earlier of: (i) three (3) years following the Closing of the Offering; and (ii) in the event that the closing price of the Common Shares on the TSX Venture Exchange is at least $0.30 for twenty (20) consecutive trading days, and the 20th trading day (the “Final Trading Day”) is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day.
Eligible Finders may receive up to 7% of the value of proceeds of the sale of WC Units in cash and up to 7% of the number of WC Units sold in the form of broker warrants. Each broker warrant issued in respect of the sale of WC Units entitles the holder to acquire one (1) common share of CKR at $0.07 for a period of three (3) years from the Closing of the Offering.
The Offering is expected to close on or before November 24, 2017, subject to TSX Venture Exchange approval, or such other date as is agreed between the Company and the subscribers. All securities issued under the Offering are subject to a statutory four month hold period.
Insiders of the Company may subscribe for up to 25% of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which may be issued to the insiders does not exceed 25% of its market capitalization.
About CKR Carbon Corporation
CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol CKR.
For more information: visit the website at www.ckr-carbon.com or contact:
Arno Brand, Co-CEO +1 416-561-4095 email@example.com
“Neither 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.”