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NextSource Materials completes non-brokered private placement

Published 08/20/2018, 12:09 PM
© Reuters.  NextSource Materials completes non-brokered private placement
  • NextSource Materials (OTCQB:NSRCF) announced completion of a non-brokered private placement offering of ~21M units at a price of CAD$0.07 per Unit for gross proceeds of ~CAD$1.47M.
  • Each Unit consists of one common share and one-half common share purchase warrant, with each Warrant entitling the holder to acquire one additional common share of the Company at a price of CAD$0.10 per share for a period of 24 months.
  • The net proceeds of the offering will be used to complete advanced testing requirements on a bulk sample of NextSource's SuperFlake® graphite concentrate for battery anode and expanded graphite foil applications.
  • Now read: Graphite Miners News For The Month Of June 2018


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