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AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

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We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

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Message: Third Tranche of private placement closes

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alteridem

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Re: Third Tranche of private placement closes

in response to Third Tranche of private placement closes by Notie Girl

posted on Oct 16, 09 08:15AM

Thanks for posting this Notie.

Just a quick note regarding this third tranche as some may look at it and wonder why ten cents when we're trading at fifteen?

This is still part of the financing which was announced on Aug-12 (and increased on Aug-27). Price was set on Aug 05 for 16.75mm common share units(CSU) at $.10 and 10mm flow through units(FTU) at $.15 for gross proceeds to EAG of $3.175 million,

Closings(tranches) released to EAG thus far have been.

1. Aug-31, 1.75mm CSU

2. Sept-25, 13.25mm CSU and 6.166,666 FTU

3. Oct-15, 1.75 CSU and 2.166667 FTU

By my math, all of the Common share units are now issued with funds received and there are 1.666667 Flow through units at $0.15 left to close.

Hope this makes sense.

Cheers
ai

ps. Tried to get a hold of Brad, but my call went to voicemail, awaiting a call back.

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