Mason Graphite invested $700,000 in NanoXplore to acquire 40% interest in the graphene production developer (Image: NanoXplore Inc.)

Mason Graphite invested $700,000 in NanoXplore to acquire 40% interest in the graphene production developer (Image: NanoXplore Inc.)

Mason Graphite (LLG:TSXV) has announced the closing of its previously announced $700,000 equity financing which was announced in accordance with their 40% investment in NanoXplore Inc, the graphene producer.  The offering was fully subscribed for by Mason's management as well as Forbes and Manahattan executives and was completed at a significant premium to the market price and without warrants.  The offering was comprised of 875,000 common shares at a price of $0.80 per common share, representing a 16% premium to today's price of $0.69 per share.

NanoXplore has developed a proprietary system for converting natural large-flake graphite (what Mason’s Lac Gueret Project hosts) into graphene in a low cost, low energy, safe and scalable electrochemical conversion method.

Simon Marcotte, Vice President Corporate Development for Mason Graphite told me by phone this morning that "NanoXplore's proprietary technology offers a cost structure that could trigger the large-scale application of graphene on a global-scale.  The technology has the potential to dramatically improve the economics of producing graphene which is roughly $250 per gram."

He tells me that the company's focus remains on being the lowest cost producer of graphite in the world and that the opportunity to have a call option on a technology like NanoXplore's was too good to pass up.

"After meeting the NanoXplore team, we knew we had to invest," Simon continued.

Mason is working to complete a feasibility study for their Lac Gueret project which he expects should see their already modest $90 million capex reduced.  He also expects improvements on the operating cost side.  They are working with a number of groups to finalize a financing package to develop the Lac Gueret mine and mill which he expects to announce within the first half of 2014.

Shares in Mason Graphite are up nearly 100% in the past 3 months on the back of the company delivering an updated resource estimate which saw measured and indicated resources jump by over 650%.

Here's the 3 month chart:

LLG Chart
LLG data by YCharts

Read: Mason Graphite Closes Private Placement Financing

Related: Mason Graphite to Acquire 40% of Private Graphene Producer, NanoXplore Inc. for $700,000

Also, for anyone in Toronto this evening, Mason Graphite will be making a presentation TONIGHT. Details below:

Time: 05:00 PM EST
Place: Ivey ING Direct Leadership Centre
130 King Street West (First Canadian Place), Ground Floor
Toronto, ON
M5X 1A9

For more information, visit their website at www.masongraphite.com.

Disclaimer: Mason Graphite Inc. is our client and the author owns shares in the company, therefore the article is biased. Please read Mason Graphite Inc.’s Cautionary Statement Regarding Forward-Looking Statements’s carefully.

All statements in this report, other than statements of historical fact should be considered forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often, but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Much of this report is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this article. In addition, with respect to any particular company, a number of risks relate to any statement of projection or forward statement.Nothing in this article should be construed as a solicitation to buy or sell any securities mentioned anywhere in this newsletter (specifically in regard to Mason Graphite Inc.). This article is intended for informational and entertainment purposes only! The author of this article and its publishers bear no liability for losses and/or damages arising from the use of this article.Be advised, Pacific Website Company Inc., CEO.CA and its employees are not a registered broker-dealer or financial advisor. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer.Never, ever, make an investment based solely on what you read in an online newsletter, including CEO.CA’s online newsletter, or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn’t well known.

Pacific Website Company Inc., owner of CEO.CA, its officers, directors, employees, and consultants shall not be liable for any damages, losses, or costs of any kind or type arising out of or in any way connected with the use of its products or services, including this article. Pacific Website Company Inc., owner of CEO.CA, its employees, consultants and affiliates are not responsible for any claims made by any of the mentioned companies or third party writers. You should independently investigate and fully understand all risks before investing. We want to remind you again that CEO.CA is often paid editorial fees for its writing and the dissemination of material. The clients represented by CEO.CA are typically development-stage companies that pose a much higher risk to investors. When investing in speculative stocks of this nature, it is possible to lose your entire investment over time. Please recognize that we are extremely biased when it comes to Mason Graphite Inc.

Pacific Website Company Inc. and CEO.CA (including its employees and consultants) are not chartered business valuators; the methods used by business valuators often cannot justify any trading price for most junior stock exchange listed companies.

Any decision to purchase or sell as a result of the opinions expressed in this report OR ON CEO.CA will be the full responsibility of the person authorizing such transaction, and should only be made after such person has consulted a registered financial advisor and conducted thorough due diligence. Information in this report has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Our views and opinions regarding the companies we feature on CEO.CA and in this newsletter are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that any of the companies mentioned in this newsletter (Mason Graphite Inc.) or on CEO.CA will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.

Pacific Website Company Inc. is a distributor (and not a publisher) of content supplied by third parties and subscribers. Accordingly, Pacific Website Company Inc. has no more editorial control over such content than does a public library, bookstore, or newsstand. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by third parties, including information providers, Subscribers or any other user of The Pacific Website Company Inc. Network of Sites, are those of the respective author(s) or distributor(s) and not of Pacific Website Company Inc. Neither Pacific Website Company Inc. nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its fitness for any particular purpose.

Pacific Website Company Inc, owner of CEO.CA, does not undertake any obligation to publicly update or revise any statements made in this report.

The information contained in this content is not an offer to buy or sell securities. Do not base any investment decision upon any materials found in this content. We are not registered as a securities broker-dealer or an investment advisor either within any securities regulatory authority. We are neither licensed nor qualified to provide investment advice. The information contained in this content is for informational and educational purposes only and is not intended to be used as a complete source of information on any particular company. Neither the information contained in this content, nor in any other place, is provided to any particular individual with a view toward their individual circumstances and nothing in this content should be construed as investment, business, or other professional advice. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.

Individuals should assume that all information contained in this content is not trustworthy unless verified by their own independent research. Information contained in this content will contain “forward looking statements.” These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the appropriate regulators. You should consider these factors in evaluating the forward looking statements and not place undue reliance upon such statements. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in this content, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stock broker before investing. We will not be responsible for the success or failure of any individual or entity which implements information received from this content.

Learn how to protect yourself and become a more informed investor at www.investright.org