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Private Placement completed, also shares for debt transaction.

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Luke_McCain   Monday, 06/27/16 10:43:00 AM
Re: Luke_McCain post# 20
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Private Placement completed, also shares for debt transaction.

Quote:
TORONTO, ONTARIO–(Marketwired – June 24, 2016) - Great Lakes Graphite Inc. (“GLK” or the “Company”) (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) wishes to announce that it has closed on its non-brokered private placement



Quote:
The Company further announces that it has completed a shares for debt transaction (“the Shares-for-Debt transaction“) after receiving approval from the TSX Venture Exchange to settle indebtedness with a consultant to the Company.

Pursuant to the Shares-for-Debt Transaction, the Company has issued 250,000 common shares of the Company (the “Shares”) at a deemed price of $0.07 per Share to settle debt in the amount of CDN$17,500 for due diligence services conducted in relation to a potential transaction.



http://investingnews.com/daily/resource-investing/critical-metals-investing/graphite-investing/great-lakes-graphite-completes-private-placement/

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