Graphano Energy Ltd (GELEF): Vancouver, British Columbia--(Newsfile C...

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Thursday, 12/23/2021 1:58:05 PM

Thursday, December 23, 2021 1:58:05 PM

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2021) -

Graphano Energy Ltd. (TSXV: GEL) (OTC Pink: GELEF) (FSE: 97G0) (the "Company" or "Graphano Energy") is pleased to announce that its 2022 drilling program at its Lac Aux Bouleaux ("LAB") graphite project in Québec is underway.

Details of the drilling program will be outlined in the coming weeks. To fund the drill program, the Company is pleased to also announce that it has completed a non-brokered private placement offering (the "Offering") issuing an aggregate 1,562,500 flow-through units (each, a "FT Unit") at a price of $0.80 per FT Unit for aggregate gross proceeds of $1,250,000.00 (the "Proceeds").

$GELEF

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