Re: Our present trend...
in response to
by
posted on
Dec 12, 2014 09:44PM
Hydrothermal Graphite Deposit Ammenable for Commercial Graphene Applications
You may be on to something LT, though I am not quite sure what. Maquarie is certainly interested in graphite. They co-underwrote the Mason Graphite financing this spring (see below).
TP
Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to announce that it has closed the previously announced bought deal private placement offering announced on April 3, 2014.
The Company issued, on a bought deal basis, a total of 17,692,319 units (the "Units") at a price of $0.65 per Unit, which includes the exercise of the underwriters option (the "Underwriter's Option") in full for aggregate gross proceeds of $11,500,007 (the "Offering"). Each Unit is comprised of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at a price of $0.85 for a period of 24 months following the closing of the Offering.
As part of the Offering, Ressources Québec, a subsidiary of Investissement Québec subscribed for 4,615,385 Units for gross proceeds of $3,000,000. Upon closing of the Offering, Ressources Québec will have a right of first refusal to participate in any future securities offerings by Mason Graphite.
The Offering was completed by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including National Bank Financial Inc. and Dundee Securities Limited (together the "Underwriters").