Global Li-Ion Graphite closes $1.45M private placement

News Release

GLOBAL LI-ION GRAPHITE CLOSES $1.45M NON-BROKERED PRIVATE PLACEMENT
LION: CSE 0TD:F

Vancouver, BC – October 28, 2017 – Global Li-Ion Graphite Corp. (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”), generating gross proceeds of $1,450,000.

Pursuant to the Private Placement, an aggregate of 2,900,000 units (each a “Unit”) were issued at a price of $0.50 per Unit. Each Unit consists of one common share and one common share purchase warrant (a “Warrant”). Each Warrant is exercisable for a term of two years at a price of $0.75 in the first year from the date of issuance, $1.00 in the second year from the date of issuance.

In connection with the closing, the Company paid finder’s fees of $54,000 and issued 108,000 finder’s warrants. The finder’s warrants have the same exercise prices and term as the Warrants.

The securities in the Private Placement will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable securities regulations.

The proceeds of the Private Placement will be used for general working capital purposes and for the further development of the Company’s ongoing projects.

For further information on 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.