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Palladium Capital Advisors Completes $600,000 PIPE for American Graphite Technologies

Sep. 11, 2013:


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.


“I am very pleased with the closing of the financing as it enables the Company to move forward with its mining initiatives as well as its technology projects,” stated Rick Walchuk, CEO. “Our team is currently preparing the next stages of development on each project and I hope to have further news out shortly.”