- Graphite One ( OTCQX:GPHOF ) has revised pricing of a debt settlement transaction.
- The company has a outstanding debt of $6.77M which it owes pursuant to an unsecured loan facility from Taiga Mining.
- As per the revised terms of the debt settlement transaction, Graphite One ( OTCQX:GPHOF ) will issue 9,296,328 common shares at a deemed price of C$0.95/share to Taiga in full settlement of the debt.
- The settlement shares will be subject to a statutory four months and one day hold period pursuant to applicable securities laws.
- The transaction is subject to final approval by the TSX Venture Exchange.
- As a result of this transaction, Taiga now holds ~30.15M common shares and ~8.77M warrants to purchase additional common shares of the company
For further details see:
Graphite One revises pricing of debt settlement transaction