First Canadian Graphite to Close Financing
Montreal, QC — December 23, 2025 — Leads & Copy — First Canadian Graphite Inc. will apply to the TSX to close its financing as to $719,449.95, according to a press release issued Dec. 23.
The financing consists of 4,796,333 units at $0.15 each. Each unit will comprise one common share and one warrant exerciseable at $0.20 for two years. A finder’s fee of $30,838.5 cash has been agreed to be paid along with the issuance of a finder’s warrant for the right to purchase up to 186,550 shares exerciseable at the price of $0.20 for two years.
The gross proceeds from the financing will be used for general working capital. The company said that while it intends to spend the proceeds as stated, there may be circumstances where funds may be reallocated at the discretion of the Board.
Three insiders of the Company subscribed for a total of 260,000 Units, which constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The company said such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units acquired by the insider nor the consideration for the Units paid by such insider exceeds 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing date of this private placement as details of the respective participation of such insiders in the Offering was unknown at such time.
The closing of the financing is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws.
First Canadian Graphite is managed by a team with over 150 years collectively with a proven track record of finding, building, and operating numerous mines. The company’s management team’s most recent success is discovering the Berkwood graphite resource in Northern Quebec. The Company owns this asset 100 percent, and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.
Thomas Yingling, President, CEO & Director, can be reached at 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8, Phone: (438) 469-0705 or #1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6, Phone: (604) 343-7740. More information can be obtained by contacting info@firstcanadiangrahite.com or 1-604-343-7740.
Source: First Canadian Graphite
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