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Graphite One Raises $1.3 Million Through Warrant Exercises

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Graphite One Raises $1.3 Million Through Warrant Exercises

 

 

 

 

 

Graphite One Resources Inc. (TSX-V:GPH) (OTCQX:GPHOF) is pleased to announce that it has raised an aggregate of $1.3 million through the exercise of 10.7 million warrants so far in 2014. These funds are being used to fund ongoing operations as well as to advance the Graphite Creek project environmental and metallurgical studies.
 

About Graphite Creek
 

The Graphite Creek Property comprises 129 claims totaling 6,799 hectares on the Seward Peninsula of Alaska, 65 kilometers north (40 miles) of a deep sea port at Nome.
 

Mineralization at the Graphite Creek Property is characterized by coarse crystalline (large flake) graphite (greater than 80 mesh) within graphite-bearing schist(s). Please refer to the January 20, 2014 press release where Graphite One reports a NI 43-101 inferred resource of 284.71 million tonnes at 4.5% graphite (including 37.68 million tonnes at 9.2% graphite and 8.63 million tonnes at 12.8% graphite).
 

About Graphite One Resources Inc.

 

GRAPHITE ONE RESOURCES INC. is exploring with the intent to develop the Graphite Creek Project, USA’s only advanced staged large-scale, large flake graphite deposit.

Posted May 13, 2014

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