Business
Graphite One Announces Share Swap Transaction
(via Thenewswire.ca) AUGUST 27, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH...
About this update from Graphite One Inc.
[{"type":"text","content":"Graphite One Announces Share Swap Transaction(via Thenewswire.ca)\n\n \nAUGUST 27, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V; GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") announces that 5,000,000 common shares of Graphite One were sold pursuant to crosses which occurred through the Pure trading facilities of the CNSX Markets Inc. at a price of $0.085 per share, of which 2,500,000 shares sold were the personal holdings of a director and officer of the Company. The proceeds from this sale will be used to fund the subscription for 5,000,000 units at a price of $0.08 per unit in the non-brokered private placement previously announced August 27, 2013 subject to TSX Venture Exchange approval. \n\n\n \nThe proceeds from the non-brokered private placement will be used for exploration and development of the Company's Graphite Creek project and for general working capital purposes.\n\n\n \nON BEHALF OF THE BOARD OF DIRECTORS \n(signed) \n\"Anthony Huston\"\n\n\n \nFor more information on Graphite One Resources Inc. please visit the Company's website, www.GraphiteOneResources.com or contact:\n\n\n \nAnthony HustonPresident & Director\nTel: (604) 697-2862\nEmail: [email protected] \n\n\n \nNeither 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.\n\n\n \nThis release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the Company being unable to complete the private placement on the terms contemplated or at all, market prices, exploitation and exploration successes, co...