National Graphite Corp. (OTCPK:NGRC) announced a private placement of 325,000 restricted shares at $0.32 per share for gross proceeds of $104,000 on October 17, 2014. The transaction included participation from Ulrike Dickmann, Axel Kutscher, and Frank Petermeyer, three existing shareholders of Biotech Development Corp.

On October 17, 2014, National Graphite Corp. closed the transaction.