(MENAFN- Baystreet.ca) 09:48 AM EST - Ceylon Graphite Corp. : Has closed its first tranche of the private placement. An aggregate of 30,163,566 units at a price of $0.0875 per Unit for gross proceeds of $2,639,312. The second closing for the balance of the Offering is anticipated to occur on or about October 28, or such other date as the Company may determine. Ceylon Graphite Corp. shares V.CYL are trading unchanged at $0.14.
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