American Graphite Technologies Inc. (OTCBB:AGIN) announced a brokered private placement of 3,750,000 units at a price of $0.08 per unit for gross proceeds of $300,000 on March 14, 2014. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of $0.15 per share for a period of five years. The transaction saw participation from existing investor Alpha Capital Anstalt and two United States subscribers. The company issued securities pursuant to exemption provided under Regulation D and Regulation S. The investors have the option to purchase up to an equal number of shares and warrants as those purchased on the closing for a period of nine months from the closing date. No brokerage, finder's fees, commissions or due diligence fees are or will be payable by the company to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other person with respect to the transactions contemplated by the transaction documents except to placement agent. Palladium Capital Advisers, LLC acted as placement agent to the company and received 7% of the gross proceeds raised in cash equal to $21,000, along with 112,500 restricted shares of common stock, which are 3% of the common stock issued, and 262,500 share purchase warrants, which are 7% of the common stock issued in the transaction. Placement agent warrants will be identical to any warrants issued to Investors. William L. Macdonald of Macdonald Tuskey acted as legal advisor for the company. Grushko & Mittman, P.C acted as legal advisor to the investors. B F Borgers CPA PC acted as accountant to the transaction. The company also paid $14,000 for legal expenses.

On March 14, 2014, American Graphite Technologies Inc. closed the transaction.