RE:RE:NEWS AND UPDATES OUT You can access this info directly from Sedar.ca
under public companies, search for the the "COMPANY NAME"
REPORT PURSUANT TO
NATIONAL INSTRUMENT 62-103
1. Name and Address of Offeror
Ernesto Echavarria (the “Offeror”)
Blvd Pedro Ma Anaya #1225,
Culiacan Sinaloa,
Mexico 80040
2. The designation and number or principal amount of securities and the offeror's
securityholding percentage in the class of securities of which the offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation
to file the news release, and whether it was ownership or control that was
acquired in those circumstances:
On February 13, 2014, the Offeror acquired ownership and control of 800,000
units of Standard Graphite Corp. (the “Company”) at a price of $0.05 per unit.
Each unit is comprised of one common share and one share purchase warrant,
with each warrant exercisable into one common share of the Company for a
period of twelve months at an exercise price of $0.10 per share.
The 800,000 common shares and 800,000 share purchase warrants of the
Company acquired by the offeror represent approximately 2% (basic) and 4%
(partially diluted, assuming the exercise of the Offeror's warrants) of the issued
and outstanding common shares of the Company.
3. The designation and number or principal amount of securities and the offeror's
securityholding percentage in the class of securities immediately after the
transaction or occurrence giving rise to the obligation to file the news release:
Following the acquisition described in paragraph 2 above, the Offeror owns and
controls 3,450,000 common shares and 3,450,000 warrants of the Company,
representing approximately 8% (basic) and 15% (partially diluted, assuming the
exercise of the Offeror’s warrants) of the issued and outstanding common shares
of the Company.
4. The designation and number or principal amount of securities and the percentage
or outstanding securities of the class of securities referred to in paragraph 3 over
which:
a) the offeror, either alone or together with any joint actors, has ownership and
control:
See paragraph 3 above.
b) the offeror, either alone or together with any joint actors, has ownership but
control is held by other persons or companies other than the offeror or any joint
actor:
Not applicable.
c) the offeror, either alone or together with any joint actors, has exclusive or
shared control but does not have ownership:
Not applicable.
5. The name of the market in which the transaction or occurrence that gave rise to
the news release took place:
The units described in paragraph 2 above were purchased by way of private
placement.
6. The value, in Canadian dollars, of any consideration offered per security if the
offeror acquired ownership of a security in the transaction or occurrence giving
rise to the obligation to file a news release:
The units described in paragraph 2 above were purchased at a price of $0.05 per
unit.
7. The purpose of the offeror and any joint actors in effecting the transaction or
occurrence that gave rise to the news release, including any future intention to
acquire ownership of, or control over, additional securities of the reporting
issuer:
The units described in paragraph 2 above were purchased for investment
purposes. The offeror has no present intention to acquire ownership of or control
over additional securities of the Company, but may acquire additional securities
of the Company in the future for investment purposes.
8. The general nature and the material terms of any agreement, other than lending
arrangements, with respect to securities of the reporting issuer entered into by the
offeror, or any joint actor, and the issuer of the securities or any other entity in
connection with the transaction or occurrence giving rise to the news release,
including agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:
Not applicable.
9. The names of any joint actors in connection with the required disclosure:
Not applicable.
10. In the case of a transaction or occurrence that did not take place on a stock
exchange or other market that represents a published market for the securities,
including an issuance from treasury, the nature and value, in Canadian dollars of
the consideration paid by the offeror
Not applicable.
11. If applicable, a description of any change in any material fact set out in a
previous report by the entity under the early warning requirements or Part 4 of
the Instrument in respect of the reporting issuer’s securities
Not applicable.
12. If applicable, a description of the exemption from securities legislation being
relied on by the offeror and the facts supporting that reliance
Not applicable.
DATED: February 13, 2014
“Ernesto Echavarria”
Ernesto Echavarria