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Subject to TSX Venture Exchange approval, Standard Graphite Corp. (TSXV:SGH) closed a non-brokered private placement for aggregate proceeds of CDN $787,500.
As quoted in the press release:
Each Unit consists of one common share and one share purchase warrant (the “Warrant”). Each Warrant entitles the holder to subscribe for one common share at a price of $0.25 for a period of twenty four (24) months following the closing of the Financing.
Click here to read the Standard Graphite (TSXV:SGH) press release