Graphite One Raises Funds for Graphite Creek Project

Graphite One Inc of Vancouver, BC has closed the first tranche of a private placement financing, raising gross proceeds of CDN$7.7 million. Concurrently, with the tranche one financing, Taiga Mining Co of Anchorage, AK purchased 2.5 million units for gross proceeds of CDN2.5 million.

Graphite One says it will use the net proceeds of the two transactions for exploration and development of the company’s Graphite Creek property located near Nome, AK and general working capital and corporate purposes.

Volume 35, Issue 15

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