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To: Goose94 who wrote (6782)5/29/2014 8:24:06 AM
From: Goose94Read Replies (2) | Respond to of 202865
 
Great Lakes Graphite (GLK-V) May 27, '14 has appointed Laura Mottola as a new member of the board. Ms. Mottola is president and chief executive officer of Flow Partners Inc., a management consulting company that provides strategic oversight and tactical execution of technology and business improvement programs to leading global mining and engineering companies. In addition to being highly accomplished academically and professionally, for the last four years Ms. Mottola has acted as a trusted adviser to the leadership team of KGHM International and the Sierra Gorda joint venture in Chile. Furthermore, Ms. Mottola has held a variety of leadership roles at professional organizations including the Canadian Institute of Mining, Metallurgy and Petroleum, and has served as a of member of the board of directors of Precarn Inc. (2006-2012), an independent innovation not-for-profit corporation that supports the precommercial development of Canadian leading-edge technologies. Ms. Mottola received a bachelor of engineering, mining and a master of engineering, mining automation, from McGill University.

Chief executive officer Paul Gorman said: "Having Laura Mottola join our board is a significant milestone in the process of preparing the company to become an emerging producer of industrial minerals. Laura's skills and expertise are highly complementary to our business plan; the knowledge and experience she brings to the table are critical to building an operation that will yield the greatest efficiencies and therefore the highest margins." Ms. Mottola said: "Great Lakes Graphite is at a point where they can really benefit form the work I have done in the areas of lean mining, mining automation, process control and the application of technology to maximize efficiency and reduce costs. I have enjoyed getting to know the team and I am looking forward to working with all of them to bring Great Lakes Graphite to become a world-class producer of quality graphite."



To: Goose94 who wrote (6782)6/26/2014 11:11:30 AM
From: Goose94Read Replies (1) | Respond to of 202865
 
Great Lakes Graphite (GLK-V) June 26, '14 is pleased to announce that the Company has closed on the first tranche of its previously announced private placement by issuing 4,943,530 units at a price of $0.085 per unit for gross proceeds of $420,200.00. 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 $0.11 for a period of two (2) years. Finder's fees totaling $7,276.00 were paid and 85,600 finder's warrants exercisable at $0.085 for a period of two (2) years 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 fund exploration of the Company's graphite projects in the Buckingham and Lochaber Townships of southwestern Québec and to develop additional graphite development opportunities.

The Company also wishes to announce that it has settled a total of $42,000 of debt with an arm's-length party to the Company.

The Debt payable has been settled by issuing an aggregate of 420,000 common shares at a deemed price of $0.10 per share to a business financial consultant to the Company. The Shares for Debt Settlement is subject to regulatory approval.

All securities issued as per the transactions described herein will be subject to a hold period of four months plus one day.