OTTAWA, ONTARIO–(Marketwired – March 27, 2017) – Northern Graphite Corporation (“Northern” or the “Company”) (TSX VENTURE:NGC)(OTCQX:NGPHF) announces that it has closed its previously announced non-brokered private placement and has issued 8,333,333 units at a price of $0.30 per unit for gross proceeds of $2.5 million. Each unit consists 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 are subject to a four month hold period from the date of closing. The placement is also subject to final approval by the TSX Venture Exchange. It is anticipated that the net proceeds of the placement will be used to:
