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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (10097)

11/11/2014 6:21:30 PM

From: Goose94

Read Replies (1) of 202400

Great Lakes Graphite (GLK-V) Nov 11th, 2014 has closed on the first tranche of its previously announced private placement by issuing 7.75 million units at a price of 10 cents per unit for gross proceeds of $775,000. Each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share at an exercise price of 12 cents for a period of two years. Finders' fees totalling $62,000 were paid and 620,000 finders' warrants were issued as part of this financing. The private placement is subject to final approval by the TSX Venture Exchange.

Net proceeds from the offering will be used to complete a feasibility study of the Lochaber project, including additional drilling required for the feasibility study.

For more information, please contact:

Paul A. Gorman, CEO
Great Lakes Graphite Inc.
Tel: 416-768-6101
Email: pgorman@GreatLakesGraphite.com
www.GreatLakesGraphite.com

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