OTTAWA, ONTARIO–(Marketwired – March 3, 2017) – Northern Graphite Corporation (“Northern” or the “Company”) (TSX VENTURE:NGC)(OTCQX:NGPHF) announces that it plans to complete a non-brokered private placement of up 8.33 million units at a price of $0.30 per unit for gross proceeds of up to $2.5 million. Each unit will consist of one common share and one half of one common share purchase warrant with each full warrant entitling the holder to purchase one common share at a price of $0.40 per share for a period of two years. The securities to be issued will be subject to a four month hold period from the date of closing and the placement is subject to approval by the TSX Venture Exchange. It is anticipated that the net proceeds of the placement will be used to:
