OTTAWA, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Northern Graphite Corporation (“Northern” or the “Company”)
(TSX-V:NGC) (OTCQX:NGPHF) announces that it has increased the size of its previously announced non-brokered private placement to a
maximum of 4,600,000 units at a price of $0.45 per unit for gross proceeds of $2.1 million. Each unit will consist of one
common share and one half of one common share purchase warrant with each full warrant entitling the holder to purchase one common
share at a price of $0.60 per share for a period of two years. The securities to be issued will be subject to a four month hold
period from the date of closing and the placement is subject to approval by the TSX Venture Exchange.
This press release is for informational purposes only and shall not be constituted as an offer to sell or
the solicitation of an offer to buy the units nor shall there be any sale of the units in any jurisdiction in which such sale would
be unlawful.
About Northern Graphite
Northern Graphite is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located
in southern Canada, relatively close to all required infrastructure. Bissett Creek is an advanced stage project that has a
Full Feasibility Study and its major environmental permit. Subject to the completion of operational and species at risk
permitting, which are well advanced, Northern could commence construction in 2018 pending financing. The Company believes
Bissett Creek has the highest margin, best flake size distribution and lowest marketing risk of any new graphite project, and has
the added advantages of low capital costs and realistic production levels relative to the size of the market.
Gregory Bowes, B.Sc. MBA, P. Geo., a Qualified Person as defined under NI 43-101, has reviewed and is
responsible for the technical information in this press
release.
Additional information can be obtained under the Company’s profile at www.sedar.com, on the Company’s website at www.northerngraphite.com, or by contacting: Gregory Bowes, CEO (613) 241-9959.
This press release contains forward-looking statements, which can be identified by the use of statements that
include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar
words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other
factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially
different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any
obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless
otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
