Northwire Canada EditionThursday, November 12, 2026
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Financings

First Canadian arranges $2.6-million financing

By The Northwire Desk — AI Analysis Jan 27, 2026 · 04:47 FCI · 0.37 First Canadian Graphite Inc.
FCI · Price

Executive Summary

  • First Canadian Graphite Inc. announced an intended financing of up to 8,666,667 units at $0.30 per unit, raising gross proceeds of up to $2.6 million.
  • Each unit consists of one common share and one-half warrant, with warrants exercisable at $0.50 for two years.
  • Proceeds are designated for general working capital, subject to regulatory approvals including TSX Venture Exchange.

Key Details

  • Financing Structure: Up to 8,666,667 units offered at $0.30 per unit.
  • Gross Proceeds: Up to $2.6 million.
  • Unit Composition: Each unit comprises one common share and one-half warrant.
  • Warrant Terms: Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.50 for a period of two years.
  • Use of Proceeds: General working capital (with potential reallocation at the Board's discretion).
  • Insider Participation: Insiders may participate; details to be disclosed in the closing news release.
  • Finder’s Fee: May be payable in accordance with TSX Venture Exchange policies.
  • Regulatory Conditions: Closing is subject to necessary regulatory approvals, including TSX Venture Exchange.
  • Hold Period: Securities issued are subject to a hold period of four months plus one day following issuance, plus applicable U.S. resale restrictions.
  • Stock Option Grant: The company approved the grant of 50,000 stock options to a consultant.
    • Exercise Price: $0.30.
    • Term: Five years.
    • Hold Period: Four months plus one day.
    • Plan: Granted under the 2025 omnibus share incentive plan.

Notable Quotes

  • None provided in the text.
Read the original news release →

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