Standard Graphite Corporation (TSXV:SGH) announced a non-brokered private placement of 10,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of CAD 500,000 on January 19, 2017. The transaction is subject to receipt of regulatory approval. The securities issued are subject to a hold period of four months from the date of closing. The transaction is subject to the approval by the TSX Venture Exchange. The company may pay the finder’s fee in the transaction.