Replies to post #20 on Great Lakes Graphite Inc (GLKIF)

[Luke_McCain]

Private Placement completed, also shares for debt transaction.

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

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/