Applied Graphite Technologies Corporation (TSE:AGT) has released an update.
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Applied Graphite Technologies Corp. has successfully concluded a non-brokered private placement, raising $300,000 by issuing 2 million shares at $0.15 each, with the funds earmarked for the exploration of the Queens Mine Complex graphite project and for general working capital. The company, which specializes in high-grade vein graphite for lithium-ion batteries, emphasizes its cost-effective and environmentally friendly alternatives to synthetic graphite. Investors are advised that the shares issued are subject to a four-month hold period and that the investment includes forward-looking statements subject to various risks.
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