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The latest update is out from Green Battery Minerals Inc ( (TSE:FCI) ).
First Canadian Graphite Inc. has announced an increase in its financing to $740,000, which is oversubscribed by $515,000. The financing consists of 4,933,333 units priced at $0.15 each, with each unit including one common share and a warrant exercisable at $0.20 for two years. The funds raised will be used for general working capital, with the possibility of reallocation for sound business reasons. The closing of the financing is contingent on regulatory approvals, and the issued securities will be subject to a hold period in accordance with applicable laws.
More about Green Battery Minerals Inc
First Canadian Graphite Inc. operates in the mining industry, focusing on the exploration and development of graphite resources. The company is managed by a team with extensive experience in discovering, building, and operating mines, and it owns the Berkwood graphite resource in Northern Quebec, which is positioned to benefit from the increasing demand for graphite in electric vehicles.
Average Trading Volume: 36,397
Technical Sentiment Signal: Hold
Current Market Cap: C$4.62M
Learn more about FCI stock on TipRanks’ Stock Analysis page.