Graphite mining company sells 170,000 common shares at $1.00 each
By Toni Weeks
San Luis Obispo, Calif., Sept. 3 – Next Graphite, Inc. completed a $170,000 private placement of stock on Aug. 28, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 170,000 common shares at $1.00 per share to an accredited investor. The per-share price is a 566.67% premium to the closing share price of $0.15 on Aug. 27.
The Carson City, Nev.-based company is an exploration and development-stage company focusing on graphite.
| Issuer: | Next Graphite, Inc.
|
| Issue: | Common shares
|
| Amount: | $170,000
|
| Shares: | 170,000
|
| Price: | $1.00
|
| Warrants: | No
|
| Announcement date: | Sept. 3
|
| Settlement date: | Aug. 28
|
| Stock symbol: | OTCBB: GPNE
|
| Stock price: | $0.15 at close Aug. 27
|
| Market capitalization: | $7.28 million
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
