10:50:47 EST Sat 26 Nov 2022
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or Name

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Graphano Energy Ltd
Symbol GEL
Shares Issued 16,838,268
Close 2022-07-28 C$ 0.205
Recent Sedar Documents

Graphano Energy agreement for Standard graphite mine

2022-07-28 20:23 ET - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated June 23, 2022, between the company and Daniel St. Pierre (the vendor). Pursuant to the terms of the agreement, the company may acquire 100 per cent of the Standard graphite historical mine. By way of consideration, the company will make cash payments totalling $20,000 in year 2 and will issue 200,000 shares over two years. The deemed price was 22 cents per share on closing of the agreement. The property is subject to a 2-per-cent net smelter return (NSR) royalty in favour of the vendor. The company will have the option to purchase the full NSR from the vendor in exchange for $600,000 cash as per terms of the agreement.

Please refer to the company's news release dated June 28, 2022, for further details.

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