RE:Mail to Mr. Economo
Hi Paul Thank you for your email Grafoid will be paying back the funds borrowed from Focus Graphite in the next short while. I agree that we have reached the dilution threshold, we are not planning any more raises for flow through shares at this time, we are working on completing the permitting process with the funds that we have raised this past year and we are also working on closing a majority debt financing package for $174M in order to build the mine and processing facilities while we secure more offtake agreements for the graphite. We will be making all necessary announcements as these events develop throughout the year. Thank you again for reaching out. Gary Economo Grafoid Inc. - CEO 945 Princess Street, BOX 205 Kingston, Ontario, K7L 0E9