Alabama Graphite Corp. Completes Oversubscribed Non-Brokered Private Placement with Significant Insider Participation

TORONTO (September 21, 2016) — Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) is pleased to announce that further to its September 15, 2016 announcement (‘Alabama Graphite Corp. Announces Proposed Non-Brokered Private Placement’), the Company has closed its previously-announced private placement (the “Private Placement”) consisting of approximately 7,124,000 units (the “Units”) at a price of $0.15 per Unit for aggregate gross proceeds of approximately $1,068,000. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the “TSX-V”).
AGC intends to use the net proceeds of the Private Placement for working capital and further advancing the Company’s development of its metallurgical process for producing coated spherical graphite (“CSPG”) for use in Lithium-ion batteries.
Connect with Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) to receive an Investor Presentation.