Post by
Charts1 on Jul 11, 2024 10:52am
GRAT.V PAST NEWS TSC will invest 5 Million in Gratomic
TORONTO, ON / ACCESSWIRE / June 17, 2024 / Gratomic Inc. ("Gratomic", "GRAT", or the "Company") (TSX-V:GRAT)(FSE:CB82) is pleased to announce that it has signed a non-binding Letter of Intent (the "LOI") dated June 14, 2024 with Tristream Capital Pte Limited and/or its related party Tristream Capital (Cayman) Limited ("TSC") pursuant to which TSC will invest GBP 3 Million (approximately $5.2 Million CAD) (the "Investment Amount") to acquire a 5% Gross Sales Royalty (the "5% GSR") in respect of sales of graphite from the Aukam Property commencing six months after receipt of the Investment Amount for a period of 5.5 years after which the royalty will be reduced to a 1% Gross Sales Royalty (the "1% GSR" and collectively with the 5% GSR, the "Royalty") for the life of the mine (the "Transaction").