Alabama Graphite Corp. Launches $4 million Private Placement Financing
13.11.2012 | The Newswire
Vancouver, November 13, 2012 - Alabama Graphite Corp. (the "Company") (CNSX:ALP) (Frankfurt: 1AG.F WKN A1J35M) announced today that it has engaged a syndicate of broker dealers, lead by Global Hunter Securities LLC and including Scarsdale Equities LLC and Ascendiant Capital Markets, Inc. to raise up to $4 million by way of a brokered private placement of units, each unit to consist of one common share and one-half of one common share purchase warrant. Other terms of the financing will be determined in the context of the market. The proceeds will be used to fund the ongoing exploration and development program at the Coosa Graphite Project in Alabama, including a NI 43-101 compliant resource estimate and a preliminary economic assessment.
About Alabama Graphite:
Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project, the Coosa Graphite Project in Coosa County, Alabama, is located in an area with significant historical production of crystalline-flake graphite.
For further details go to: www.alabamagraphite.co
ALABAMA GRAPHITE CORP.
Daniel Spine, CEO
(404) 661-6254
Danny Gravelle, Investor Relations
(949) 481-5396
ir@alabamagraphite.co
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THIS NEWS RELEASE IS NOT INTENDED AS A SOLICITATION TO PURCHASE SECURITIES OF THE COMPANY.
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