Energizer Resources Completes $4.8 Million Financing

Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR) has completed a previously announced private placement for gross proceeds of $4.8 million. Shares were priced at US$0.14 per common share.

As quoted in the press release:

The net proceeds from the Offering will be used primarily to fund the production of additional graphite concentrate samples from the Molo Project in Madagascar for distribution to potential offtake groups and end users of graphite which the Company is in advanced discussions with and for general working capital purposes.

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