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Alabama Graphite 4,916,745-share private placement

Sep 12, 2016

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 6, 2016.

Number of shares: 4,916,745 shares

Purchase price: 15 cents per share

Warrants: 4,916,745 share purchase warrants to purchase 4,916,745 shares

Warrant exercise price: 20 cents for a two-year period

Number of placees: five placees

Insider: Ann-Marie Pamplin, 33,334 shares

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.