Big North Graphite Corp. (TSXV:NRT) announced a private placement of 2,666,667 units at a price of CAD 0.075 per unit for gross proceeds of CAD 200,000 on September 9, 2013. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each Warrant entitles the holder to purchase a common share at CAD 0.12 until September 12, 2015. The transaction will include participation from American Graphite Technologies Inc. All securities issued are subject to a four month hold period expiring on January 13, 2014. The transaction is subject to the approval of TSX.V.

The company will pay commissions and finders' fees of 8% cash and 8% finder warrants in the transaction. The finder warrants have the same terms as the warrants.

The transaction was cancelled as of September 19, 2013.