LAS VEGAS, NV -- (Marketwired) -- 09/16/13 --
American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) wishes to offer the following corporate update.
The Company recently completed a $600,000 brokered private placement of 4,000,000 units at $0.15 per unit consisting of one share and one share purchase warrant entitling the holder to purchase one additional share of common stock at $0.30 per share for a period of 5 years.
The CEO of the Company will be travelling to Kharkov, Ukraine this week to finalize the required paperwork for the 3D printing project, dubbed P-600, with the Kharkov Institute of Physics and Technology. The project is expected to commence October 1, 2013.
The company has contacted a consultant to get a budget established for the preliminary work on the Quebec mining claims, and will determine the program and the commencement date for an exploration project once the budget is presented to the Company.
CTI Nanotechnologies LLC (CTI) has informed the Company that the new building space in Vermont is coming into shape and they should start moving equipment and setting up the production line within the next thirty days.
For more information visit the website at www.americangraphitetech.com
About American Graphite Technologies Inc.
American Graphite Technologies Inc. (OTCBB: AGIN) is a mineral exploration and technology development company that is listed on a US Stock Exchange where the Company's ticker symbol is AGIN and on the Berlin Stock Exchange under the following symbol: A8G (WKN:A1KBDQ/ISIN:US02640K1079). By concentrating on securing graphite mining opportunities and the commercialization of graphene specific proprietary technology methods, management is seeking to bring profitable opportunities and maximize shareholder value. Graphene has been described as the "miracle material" of the 21st Century and is believed to be stronger than steel and more conductive than copper while being flexible, making it plausible as a replacement over silicon possibly leading to thinner, faster, cheaper, more flexible devices including power sources. Since graphene comes from the carbon atom it is abundant and cheap. In 2010 the Nobel Prize in Physics was awarded to Andre Geim and Konstantin Novoselov for groundbreaking experiments regarding graphene. Advances in alternative energy technologies are driving demand for strategic materials like graphite that have recently evolved from industrial demands to include high tech uses as nations focus on encouraging the development of new domestic markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities.
About Science and Technology Centre in Ukraine ("STCU") The STCU is the first intergovernmental organization in Ukraine and was established by an Agreement signed on 15 October 1993, by the four founding Parties: Ukraine, Canada, Sweden and the United States of America. Through the STCU Partner Program, private companies, industry organizations, academic and non-government organizations, and government agencies and programs from Canada, European Union, and the USA may contract for research and development work with Azeri, Georgian, Moldovan, Ukrainian and Uzbek scientists and institutes. By virtue of the STCU's status as a diplomatically-accredited inter-governmental organization and because of its highly-qualified staff, Partners enjoy significant benefits including: (1) the professional support the STCU renders at the project development stage, and (2) having their projects administered by the STCU during the project implementation stage.