Graphite One responds to OTC market demand for recent promotional activity

Vancouver, British ColumbiaAnd January 14, 2023 /PRNewswire/ — The Graphite Firm. (TSXV: GPH) (OTCQX: Jbhoff) (“graphite one”) or the “firm”) Acquired an order from OTC Markets Group Inc. (“OTC markets“) to problem a press release about latest promotional exercise regarding its public shares” (“extraordinary share“).

on me January 12, 2023OTC Markets has notified the Firm that it has turn into conscious of sure promotional actions regarding the Firm and the Widespread Inventory traded on the OTCQX Market, together with the distribution of digital advertising and marketing supplies and promotional emails posted by Promethean Advertising and marketing Inc. (“Prometheanand its associates focus on the corporate, its enterprise, and the graphite trade typically. Advertising and marketing supplies additionally include summaries of latest newsletters issued by the corporate. OTC Markets has offered samples of promotional supplies to your reference.

Promethean is a third-party digital advertising and marketing firm maintained by the Firm to supply communications and digital media companies. The data contained within the advertising and marketing supplies is factual knowledge relating to the corporate, its enterprise and the graphite trade.

The Firm offered Promethean with the publicly obtainable supply of data for its advertising and marketing supplies and retained editorial management over the wording within the supplies, together with reviewing the supplies for factual accuracy previous to publication. The Firm doesn’t consider that statements in advertising and marketing supplies and emails had been false or deceptive. The appointment of Promethean and the character of the connection between Graphite One and Promethean in addition to the compensation to be paid to Promethean had been publicly disclosed in a press launch dated Might 10, 2022, which may be discovered underneath the corporate profile on SEDAR and on the corporate web site. As disclosed in Might 10, 2022 Press Launch To the perfect of our information, Promethean or any of its principals owns no widespread inventory, instantly or not directly, within the Firm. Began digital advertising and marketing campaigns October 1, 2022.

Previously 12 months, the Firm has engaged Promethean and TD Media LLC dba Life Water Media LLC to supply digital advertising and marketing companies together with content material creation, distribution, and market consciousness campaigns.

Because the inception of digital advertising and marketing campaigns, there was no uncommon or giant buying and selling quantity in widespread shares.

After an inquiry from the administration, some administrators, officers and particular person in cost bought a complete of 905,000 Extraordinary Shares within the Firm by exercising warrants and inventory choices within the final 90 days of which 20,000 Extraordinary Shares had been bought.

on me August 30, 2022the corporate closed the primary tranche of a non-broker non-public placement of 8,762,071 items at a value $1.15 per unit of complete income $10,076,382 And shut the final slide November 21, 2022 560,916 items of complete income $645,052. the $1.15 For every unit it was a 7% low cost on the closing value August 8, 2022 Saying the non-brokered non-public placement.

on me September 19, 2022the corporate introduced the re-pricing of shares of the debt deal (“Debt settlement course of) with Taiga Mining Firm, Inc. to settle a debt owed in complete $6,775,230 USD Due underneath dated unsecured mortgage facility September 9, 2019in its amended and expanded kind. Underneath the revised phrases of the debt settlement transaction, the Firm has issued 9,296,328 extraordinary shares at an inexpensive value of $0.95 per share within the full debt settlement, which was a 17% low cost to the closing value at August 23, 2022 Promote shares to settle money owed.

About Graphite One Inc.

Graphite One Inc. (TSX-V: GPH; OTCQX: Jbhoff) in creating the Graphite One undertaking (the “Challenge”), with the objective of turning into an American producer of top of the range anode supplies mixed with a home graphite provider. The undertaking is proposed as a vertically built-in mining, processing and manufacturing of top of the range anode supplies primarily for the lithium-ion electrical automobile battery market. As specified by the Firm’s 2022 Pre-Feasibility Examine, potential graphite mineralization extracted from the Firm’s Graphite Creek property is predicted to be processed to pay attention at a graphite processing plant. The proposed processing plant is situated on the Graphite Creek property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. The graphite anode supplies and different value-added graphite merchandise from the middle and different supplies might be manufactured on the Firm’s proposed superior graphite supplies manufacturing facility anticipated to be situated in Washington. The corporate intends to make a manufacturing choice on the undertaking upon completion of the feasibility examine.

On behalf of the Board of Administrators

Anthony Huston (signed)

For extra details about Graphite One Inc. , please go to the corporate’s web site, www.GraphiteOneInc.com

Neither TSX Enterprise Change nor the Regulatory Companies Supplier (as outlined within the TSX Enterprise Change Insurance policies) accepts accountability for the adequacy or accuracy of this launch.

SOURCE Graphite One Inc.

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