of InterestGratomic Announces Extension and Increase of Non-Brokered Private Placement TSX-V: GRAT TORONTO, July 2, 2019 /CNW/ - Gratomic Inc. ("GRAT" or the "Company") (TSX-V: GRAT) (FRANKFURT:CB81, WKN:A143MR) is pleased to announce that the non-brokered private placement announced on May 21, 2019 will be increased to up to 40,000,000 working capital units (the "WC Units") for up to $2,000,000 (the "Offering") and closing will be extended until July 30, 2019. Each WC Unit is priced at $0.05 and consists of one (1) common share and one (1) common share purchase warrant ("WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") at a price of $0.10 per WC Warrant Share until the earlier of: (i) three (3) years following the Closing of the Offering; and (ii) in the event that the closing price of the Common Shares on the TSX Venture Exchange is at least $0.30 for twenty (20) consecutive trading days, and the 20th trading day (the "Final Trading Day") is at least four (4) months from the Closing of the Offering, the date which is thirty (30) days from the Final Trading Day. Eligible Finders may receive 7% of the value of proceeds of the sale of WC Units in cash and 7% of the number of WC Units sold in the form of broker warrants ("Broker Warrants"). Each Broker Warrant issued in respect of the sale of WC Units entitles the holder to acquire one (1) common share of the Company at $0.05 for a period of three (3) years from the Closing of the Offering. All securities issued under the Offering are subject to a statutory four month hold period. The Offering is subject to TSX Venture Exchange approval. Insiders of the Company may subscribe for up to 25% 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 which may be issued to the insiders does not exceed 25% of its market capitalization.