18 Nov 2013capital raising announcement● Neutral
On November 15, 2013 the company bought 100% of seven staked graphite claims (six in Bigwood Township, one in Brougham Township, Ontario) from 2254022 Ontario Ltd., paying only with 1,250,000 shares. The vendor gets a 3% net smelter royalty once commercial production starts, and the company can buy back half for CAD $1,000,000. This is the company's first graphite property, alongside its gold claims; a press release also mentions continued sampling at Kenty.