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Green Battery Minerals Inc ( (TSE:FCI) ) has provided an announcement.
First Canadian Graphite Inc. has arranged to close a private placement financing of approximately $719,450 through the issuance of 4,796,333 units at $0.15 per unit, each comprising one common share and a warrant exercisable at $0.20 for two years, with proceeds earmarked for general working capital. The financing, which includes a finder’s fee and participation by three company insiders under related-party transaction exemptions, remains subject to TSX Venture Exchange and other regulatory approvals, with all securities to be subject to a standard four-month-plus-one-day hold period, reinforcing the company’s liquidity position as it advances its graphite development plans.
More about Green Battery Minerals Inc
First Canadian Graphite Inc. is a graphite-focused company led by a management team with over 150 years of combined experience in discovering, building and operating mines. Its primary asset is the 100%-owned Berkwood graphite resource in Northern Quebec, positioned to benefit from rising graphite demand driven by the electric vehicle and energy storage sectors.
Average Trading Volume: 31,473
Technical Sentiment Signal: Hold
Current Market Cap: C$4.49M
For an in-depth examination of FCI stock, go to TipRanks’ Overview page.