Graphite One Raises $1.3 Million Through Warrant Exercises
May 13 2014 - 8:00AM
Marketwired
Graphite One Raises $1.3 Million Through Warrant Exercises
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) -
Graphite One Resources Inc. (TSX-VENTURE:GPH)(OTCQX:GPHOF)
("Graphite One" or the "Company") 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.
(TSX-VENTURE:GPH)(OTCQX:GPHOF) is exploring with the intent to
develop the Graphite Creek Project, USA's only advanced staged
large-scale, large flake graphite deposit.
http://graphiteoneresources.com/investors/presentations/
ON BEHALF OF THE BOARD OF DIRECTORS
"Anthony Huston" (signed)
Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This release includes certain
statements that may be deemed to be forward-looking statements. All
statements in this release, other than statements of historical
facts that address access to capital, regulatory approvals,
exploration drilling, exploitation activities and events or
developments that the Company expects, are forward-looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
title and delays due to third party opposition, changes in
government policies regarding mining and natural resource
exploration and exploitation, and continued availability of capital
and financing, and general economic, market or business conditions.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is
expressed in this press release, and the Company undertakes no
obligation to update publicly or revise any forward-looking
information, except as required by applicable securities laws. For
more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedar.com.
The mineral resource estimates reported
in this press release were prepared in accordance with Canadian
National Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101"), as required by Canadian
securities regulatory authorities. For United States reporting
purposes, the United States Securities and Exchange Commission
("SEC") applies different standards in the
classification of mineralization. In particular, while the terms
"measured," "indicated" and "inferred" mineral resources are
required pursuant to NI 43-101, the SEC does not recognize such
terms. Canadian standards differ significantly from the
requirements of the SEC. Investors are cautioned not to assume that
any part or all of the mineral deposits in these categories
constitute or will ever be converted into reserves. In addition,
"inferred" mineral resources have a great amount of uncertainty as
to their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher
category. Under Canadian securities laws, issuers must not make any
disclosure of results of an economic analysis that includes
inferred mineral resources, except in rare cases.
Graphite One Resources Inc.Anthony HustonCEO, President &
Director(604)
697-2862AnthonyH@GraphiteOneResources.comwww.GraphiteOneResources.comInvestor
Relations Contact1-604-684-6730GPH@kincommunications.com
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