Northern Graphite Corporation (TSXV: NGC) announced it has filed and obtained a receipt for a preliminary short form prospectus for a proposed public offering of up to 3,906,250 units at a price of $0.64 per unit.

As quoted in the market news,

Each unit will consist of one common share, and one-half of one common share purchase warrant, of the Company. Each whole warrant will be exercisable to acquire one common share of the Company at an exercise price of $0.80 per share for a period of 24 months. The Offering is being made on a best efforts, fully marketed basis through Secutor Capital Management Corporation as agent.

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