American Graphite Technologies Inc. (OTCBB:AGIN) announced a brokered private placement of 4,000,000 units at $0.15 per unit for gross proceeds of $600,000 with five accredited investors on September 9, 2013. Each unit consists one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at $0.30 per share for a period of five years. Palladium Capital Advisors, LLC acted as placement agent to the company.

On September 9, 2013, American Graphite Technologies Inc. closed the transaction.