American Graphite Technologies Inc. Announces Closing of $600,000 Brokered Private Placement
LAS VEGAS, NV-(Marketwired - Sep 11, 2013) - American Graphite Technologies Inc. (“AGIN” or the “Company”) (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces that on September 9, 2013, the Company closed a $600,000 unregistered offering of securities with five accredited investors. Palladium Capital Advisors LLC of New York, New York acted as the placement agent for the offering.
The offering was undertaken by way of a securities purchase agreement for 4,000,000 units at $0.15 per unit, each unit consisting of one share of common stock and one share purchase warrant entitling the holder to purchase one additional share of common stock at a price of $0.30 per share for a period of five years. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration rights.
Posted on Wednesday, September 11th, 2013, by admin, under News Releases.