Company sells units of shares and five-year warrants at $0.08 per unit
By Devika Patel
Knoxville, Tenn., March 18 - American Graphite Technologies Inc. completed a $300,000 private placement of units on March 14, according to an 8-K filed Tuesday with the Securities and Exchange Commission. Palladium Capital Advisors, LLC was the agent.
The company sold 3.75 million units of one common share and one warrant at $0.08 per unit.
Each five-year warrant is exercisable at $0.15. The strike price is identical to the March 13 closing share price.
Las Vegas-based American Graphite is developing technologies related to graphite and graphene.
| Issuer: | American Graphite Technologies Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $300,000
|
| Units: | 3.75 million
|
| Price: | $0.08
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.15
|
| Agent: | Palladium Capital Advisors, LLC
|
| Settlement date: | March 14
|
| Stock symbol: | OTCBB: AGIN
|
| Stock price: | $0.15 at close March 13
|
| Market capitalization: | $12.02 million
|
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