News Release
GLOBAL LI-ION ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia, Canada (Monday 17, 2017) – Global Li-Ion Graphite Corp. (“Global Li-Ion” or, the “Company”) (CSE: LION) is pleased to announce that it intends to complete a non-brokered private placement of units of the company (each, a “Unit”) at a price of C$0.20 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share”) and one warrant exercisable into one Common Share at an exercise price of $0.50 per Common Share for a period of 12 months from the date of issuance (the “Private Placement”) for aggregate gross proceeds of up to CAD$1.5 million Dollars.
All securities issued under this Private Placement will be subject to a hold period of four months and one day from the date on which these Units are issued.
The Company intends to use the proceeds of the Private Placement for general working capital.
About Global Li-Ion
Global Li-Ion Graphite is an exploration and development Company focused on the acquisition and development of Graphite projects with an intent to supply the rapidly growing energy storage industry. Each Li-Ion Battery requires Graphite, Lithium, Cobalt and nickel. The company’s Chedic Graphite project near Carson City Nevada is only a few miles from Tesla’s newly built and commissioned Giga Factory. Global Li-Ion Graphite is actively evaluating additional projects for acquisition to build a world class Graphite supply Company.
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website,
www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Jason Walsh
Director & Officer
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: info@liongraphite.com
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
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