Alabama Graphite arranges $500,000 private placement

May 16, 2016

ALABAMA GRAPHITE CORP. ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT ADVANCING A BATTERY-GRADE GRAPHITE PROJECT IN THE UNITED STATES OF AMERICA Alabama Graphite Corp. is proposing to complete a non-brokered private placement of up to approximately 3,333,333 units at a price of 15 cents per unit for total gross proceeds to the company of up to approximately $500,000. Each Unit is comprised of one common share in the capital of the Company (each, a “Common Share”) and one Common...

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