Mr.
Jason Walsh reports
GLOBAL LI-ION GRAPHITE ANNOUNCES EXTENSION OF WARRANTS AND GRANTING OF OPTIONS
Global Li-Ion Graphite Corp.
has amended the exercise price of 6,096,000 warrants, which were issued in connection with a private placement that closed on Feb. 13, 2019.
The original exercise price of the warrants was 25 cents per warrant. Subject to the rules and policies of the Canadian Securities Exchange,
the new exercise price of the warrants is now 12 cents per warrant. In the event the common shares of the company trade above 15 cents for 10 consecutive trading days, the expiry date of the warrants will be accelerated, such that the remaining term of the warrants
will be for 30 days. All other terms of the warrants will remain unchanged.
The company further announces it has granted 2.5 million stock options to purchase common shares of the company, pursuant to its stock
option plan. Each stock option is exercisable at 12 cents for a period of two years from the
grant date.
About Global Li-Ion Graphite Corp.
Global Li-Ion Graphite is an exploration and development company focused on the acquisition and development of graphite projects with an intent to
supply the rapidly growing energy storage industry. Each Li-Ion battery requires graphite, lithium, cobalt and nickel. Global Li-Ion Graphite is actively evaluating additional projects for acquisition to build a world-class graphite supply company.
We seek Safe Harbor.
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