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Enter Symbol
or Name
USA
CA



Great Lakes Graphite Inc
Symbol GLK
Shares Issued 95,304,075
Close 2015-06-30 C$ 0.08
Market Cap C$ 7,624,326
Recent Sedar Documents

Great Lakes investors acquire $750,000 convertible note

2015-07-02 17:00 ET - News Release

Subject: Acquisition of Securities of Great Lakes Graphite Inc. Acquisition of Securities of Great Lakes Graphite Inc.
Marketwired
 
 
Frank and Mitzi Ferguson
Other Recent News | Printer Friendly Version

July 2, 2015
Acquisition of Securities of Great Lakes Graphite Inc.
LINCOLN, MASSACHUSETTS--(Marketwired - July 2, 2015) - Frank and Mitzi Ferguson ("Ferguson") announce that pursuant to a private placement financing (the "Private Placement"), Ferguson acquired ownership of a $750,000 convertible note (the "Note") of Great Lakes Graphite Inc. ("GLK" or the "Issuer"), which is convertible into common shares of the Issuer (the "Common Shares") at a conversion price of $0.10 per share, for a total of 7,500,000 Common Shares, until maturity (48 months). In addition, Ferguson was issued 1,875,000 warrants ("Warrants"), with each Warrant exercisable into a Common Share for a period of four years at an exercise price of $0.10 per share.

Prior to the acquisition of the Note, Ferguson beneficially owned and/or exercised control or direction over 8,305,999 Common Shares and Common Share purchase warrants entitling Ferguson to acquire up to 3,778,628 Common Shares. Following the acquisition of the Note and the Warrants, Ferguson beneficially owns and/or exercises control or direction over 8,305,999 Common Shares, warrants to acquire up to 5,653,628 Common Shares and the Note entitling Ferguson to acquire up to 7,500,000 Common Shares. This represents approximately 19.7% of the issued and outstanding Common Shares on a partially diluted basis (or 21,459,627 Common Shares, assuming exercise of all of the Warrants and conversion of the Note held by Ferguson).

Ferguson acquired the Note and the Warrants for investment purposes only and may, in the future, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over Common Shares in the capital of the Corporation.

A copy of the early warning report filed in connection with this press release may be found on www.sedar.com under GLK's corporate profile page.

CONTACT INFORMATION:
Frank Ferguson
(617) 719-6423
INDUSTRY: Professional Services - Other Professional Services

Suite 900, 25 York Street, Toronto, ON M5J 2V5 | Toll Free:888-299-0338 | Phone: 416-362-0885 | info@marketwired.com


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