First Canadian Graphite Inc. - Private Placement Closing 2nd Tranche

Financing Details - First Canadian Graphite Inc. plans to close a second and final tranche of financing amounting to $144,000, issuing 1,800,000 units at $0.08 per unit, with each unit consisting of one common share and one warrant exercisable at $0.10 for three years [1][2] - The proceeds from this private placement will be allocated for working capital purposes [1] Insider Participation - Two insiders subscribed for a total of 850,000 units, which qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements [5] - Brahma Communications Corp., owned by Thomas Yingling, the President and Director, subscribed for 600,000 units at $0.08, increasing his total holdings to approximately 11.1% of the company's outstanding shares [6] Regulatory Compliance - The closing of the financing is contingent upon receiving all necessary regulatory approvals from the TSX Venture Exchange [2] - All securities issued will be subject to a four-month plus one-day hold from the date of issuance [3] Company Disclosures - The company confirms that there are no undisclosed material facts or changes related to its operations [4]