Ressources Québec to invest $3 mln in Mason Graphite

Canadian mining company Mason Graphite Inc (TSX Venture: LLG) has increased the size of its previously announced private placement offering to $10 million. As part of the offering, Ressources Québec will subscribe for 4.6 million units for gross proceeds of $3 million. Mason Graphite, which is focused on the exploration and development of its Lac Guéret graphite property in Québec, said it is also negotiating an additional institutional investment of $4 million. Ressources Québec, a subsidiary of Investissement Québec, invests in mining and hydrocarbon industries.

DealsCanadaNorth AmericaBriefs