Eagle Graphite Extends Private Placement to Jan. 14

Eagle Graphite Incorporated (TSXV:EGA) announced it is extending its proposed private placement previously announced on Nov. 8, 2015. Further to its press release of Dec. 7, 2015, the company closed one tranche of the private placement on Dec. 4, 2015, and intends to close at least one more tranche prior to Jan. 14, 2016.
Other than Latitude Minerals Inc., which, as an insider, participated in the first tranche of the private placement, no further insiders are anticipated to participate in the private placement and no new insiders are anticipated to be created, nor will there be any change of control as a result of the private placement.
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