Finance > Project-finance

Further funds for Quebec graphite development

Developer Mason Graphite (CN:LLG) has moved to secure a further chunk of funds required for its Lac Guéret project in northern Quebec through a C$45 million (US$35 million) bought deal.

Staff reporter

Finance > Project-finance

Further funds for Quebec graphite development

Developer Mason Graphite (CN:LLG) has moved to secure a further chunk of funds required for its Lac Guéret project in northern Quebec through a C$45 million (US$35 million) bought deal.

Staff reporter

Further funds for Quebec graphite development

Funds to flow for Lac Guéret development

The company has entered an agreement with a syndicate of underwriters, led by National Bank Financial, who will buy 18.75 million shares at $2.40, with the option of buying additional shares to take total gross proceeds up to $51.75 million.