Bullboard - Stock Discussion Forum Gratomic Inc CBULF

Primary Symbol: V.GRAT

Gratomic Inc. is a Canada-based junior exploration company that is engaged in the acquisition and exploration of assets located primarily in Canada and Namibia. The Company is focused on supplying graphite. The Company’s projects include Buckingham Graphite property, Aukam Graphite Project, Capim Grosso, and Jacobina & Igrapiuna Graphite Projects. The Buckingham Graphite property covers... see more

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TSXV:GRAT - Post Discussion

Gratomic Inc > Insiders: put your money where your mouth is #TG #Graphite

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Post by GabeBuffet on Feb 02, 2023 8:51am

Insiders: put your money where your mouth is #TG #Graphite

Arno Brand, President and CEO of Gratomic, stated: "It is with great pleasure that I participate in the given offering alongside our shareholders to expedite the completion of the Aukam processing facility.

Insiders of the Company may subscribe for up to 25% of the WC Units in the Offering. Two insiders subscribed for 1,126,700 WC Units for proceeds of $338,010 on the first closing of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insiders does not exceed 25% of its market capitalization.

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