Energizer Resources Raises Capital Through Non-Brokered Private Placement Offering

Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) announced it has closed a non-brokered private placement offering for gross proceeds of CDN$450,653.
Net proceeds from the Offering will be used for advanced testing of lithium-ion battery anodes using Molo graphite concentrate and for general working capital purposes. Specifically, the advanced anode testing will bring the Company closer to determining a final cost matrix for the entire suite of sellable concentrates, including flake concentrate that can be upgraded through spheridizing, purification and coating for use in electric vehicle applications.
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