Mason Graphite to raise additional $4.2 mln from Québec PE funds
Mining company Mason Graphite Inc (TSX-V: LLG), which recently secured an investment from Ressources Québec, a subsidiary of Investissement Québec, has agreed to receive an additional $4.15 million in convertible debenture financing from Québec-based private equity funds. Sodémex Développement, an affiliate of the Caisse de dépot et placement du Québec, the Fonds de solidarité des travailleurs du Québec (FTQ) and the Fonds regional de solidarité FTQ Côte-Nord each will contribute to the deal. Net proceeds from all funding sources will be used by the Montréal-based company for continued development of its Lac Guéret graphite property in Québec and for other purposes.
28 April 2014•7 mins read
