Big North Graphite Closes First Tranche of Private Placement for $180,000

 Big North Graphite Corp. (TSXV:NRT) closed the first tranche of its private placement for gross proceeds of $180,000. A total of 3,600,000 units were issued.

As quoted in the press release:

Each Unit consists of a common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Share at a price of $0.10 per Share for two years following the closing of the Offering.

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