Ceylon Graphite poised for new C$4.5M placing to accelerate operations; shares surge

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) (FRA:CCY) has unveiled plans to raise up to around C$4.5 million through a private placing to accelerate its commercial operations.

In a statement, the miner said a previous financing announced this year, had now lapsed as prospective investors were unable to complete the placement by the extension date granted by the Toronto venture exchange. Today’s announcement is a new financing.

READ: Ceylon Graphite plans to raise up to C$8.1M to advance its Sri Lankan mining assets

FULL STORY: https://ca.proactiveinvestors.com/companies/news/931795/ceylon-graphite-poised-for-new-c45m-placing-to-accelerate-operations-shares-surge-931795.html

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