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.
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