17:30:02 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Northern Graphite Corp
Symbol NGC
Shares Issued 51,484,279
Close 2017-11-20 C$ 0.54
Market Cap C$ 27,801,511
Recent Sedar Documents

Northern Graphite increases placement to $2.1-million

2017-11-20 20:35 ET - News Release

Mr. Gregory Bowes reports

NORTHERN GRAPHITE INCREASES SIZE OF NON-BROKERED PRIVATE PLACEMENT

Northern Graphite Corp. has increased the size of its previously announced non-brokered private placement to a maximum of 4.6 million units at a price of 45 cents per unit for gross proceeds of $2.1-million. Each unit will consist of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at a price of 60 cents per share for a period of two years. The securities to be issued will be subject to a four-month hold period from the date of closing, and the placement is subject to approval by the TSX Venture Exchange.

About Northern Graphite Corp.

Northern Graphite is a Canadian company that has a 100-per-cent interest in the Bissett Creek graphite deposit located in Southern Canada, relatively close to all required infrastructure. Bissett Creek is an advanced-stage project that has a full feasibility study and its major environmental permit. Subject to the completion of operational and species at risk permitting, which are well advanced, Northern could commence construction in 2018 pending financing.

Gregory Bowes, BSc, MBA, PGeo, a qualified person as defined under National Instrument 43-101, has reviewed and is responsible for the technical information in this press release.

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