Great Lakes Graphite Inc GLKIF

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified, and Coated spherical purified. The advanced carbon products include ALD-Coated graphite, Graphene, and Carbon composite materials.

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Great Lakes Graphite Inc > Great Lakes Graphite Reaches Lawsuit Settlement

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Comment by alphatradeson Jun 13, 2018 5:27pm

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Post# 28168433

RE:RE:RE:RE:Great Lakes Graphite Reaches Lawsuit Settlement

Its not an expiry clause, its a mandatory hold period of a minimum of 4 months, which is typical on share based deal to avoid having the counterparty dumping the shares ASAP on the market. The wording is a bit unclear though

"As part of the settlement, GLK has agreed to issue to OGL seven (7) million common shares in the capital of GLK, which shares to subject to a hold period of no greater than four (4) months and one day"

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