First Canadian Graphite Inc. - Private Placement Closing 1st Tranche

Core Viewpoint - First Canadian Graphite Inc. is proceeding with a private placement financing of $169,800, issuing 2,122,500 units at $0.08 per unit, with proceeds allocated for working capital [1]. Financing Details - The financing will consist of units that include one common share and one warrant exercisable at $0.10 for three years [1]. - A cash finder's fee of $2,820 will be paid in connection with the financing [1]. - The closing of the financing is contingent upon receiving all necessary regulatory approvals from the TSX Venture Exchange [2]. Securities Issuance - All securities issued will be subject to a hold period of four months plus one day from the date of issuance [3]. Material Changes - The company confirms that there are no undisclosed material facts or changes related to its operations [4]. Acquisition of Units - Dal Stuart Brynelsen, the Acquiror, has subscribed for 312,500 units at $0.08, increasing his total holdings to approximately 12.60% of the company's outstanding common shares [5]. - If the Acquiror exercises his warrants, he would hold approximately 22.15% of the issued and outstanding shares on a partially diluted basis [5]. Investment Intent - The units were acquired for investment purposes, and the Acquiror will review this investment on an ongoing basis, with potential future adjustments to holdings [6]. Reporting Obligations - The Acquiror will file an early warning report in accordance with National Instrument 62-103F1, detailing the transaction with relevant securities regulatory authorities [7].