VANCOUVER, BC, Nov. 23, 2022 /PRNewswire/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company") refers to the November 20, 2022 news release whereby the Company announced a total of 9,322,987 units (the "Units") were issued over two closings for gross proceeds of $10,721,434 (the "Offering"). Taiga Mining Company, Inc. ("Taiga"), an insider of the Company, participated in the Offering and acquired 2,258,957 Units. The issuance of Units to Taiga pursuant to the Offering ("Insider Participation") is considered to be a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of the Insider Participation.
Read more at prnewswire.comGraphite One Announces Insider Participation in Closing of Private Placement
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