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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks

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To: Cogito Ergo Sum who wrote (39898)	12/22/2015 12:36:38 PM
From: kidl	Read Replies (1) of 49402

Great Lakes Graphite Announces Flow-Through Private Placement ccnm TORONTO, ONTARIO--(Marketwired - Dec. 22, 2015) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) wishes to announce a new non-brokered private placement offering of up to a total of three (3) million units of Company equity. The private placement will consist of an offering of 3,000,000 flow-through units (each a "Flow-Through Unit") at a price of $CDN 0.07 per Flow-Through Unit, for gross proceeds of up to $CDN 210,000. Each Flow-Through Unit will consist of one flow-through eligible common share of Great Lakes and one common share-purchase warrant (the "FT Warrants"); each FT Warrant will entitle the holder to purchase one additional Great Lakes common share at a price of $CDN 0.10 for a period of twenty-four (24) months after the closing of the Offering. A finder's fee equal to a cash commission of 8% of the aggregate gross proceeds from the Units and/or Flow-Through Units sold, plus finder's warrants equal to 8% of the aggregate number of Units and/or Flow-Through Units sold, will compensate finders appointed by the Company to source subscriptions. All securities issued by the Offering will be subject to a hold period of four months plus one day. The Offering is subject to regulatory approval. The Offering is scheduled to close on December 30, 2015. Net Proceeds from the Offering will be used for development work on the Lochaber project.

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