Graphite One announces update on timing of closing second tranche of $12 Million brokered private placement
2021-08-31 11:13:38 [Print]
Canada-based Graphite One Inc
On August 12, 2021, the company announced the closing of the first tranche raising CA$10.23 million . The second tranche of the financing is expected to be approximately CA$1 . 77 million.
As previously announced, the net proceeds from the offering will be used for exploration and development on Graphite One's Graphite Creek Property and general working capital and corporate purposes.
. announced that it has received approval to extend the closing of the balance of the CA$12 . 0 million brokered private placement financing until September 24, 2021 . The financing was first press released on June 30, 2021.
On August 12, 2021, the company announced the closing of the first tranche raising CA$10.23 million . The second tranche of the financing is expected to be approximately CA$1 . 77 million.
As previously announced, the net proceeds from the offering will be used for exploration and development on Graphite One's Graphite Creek Property and general working capital and corporate purposes.