American Graphite Technologies Inc. (OTCBB:AGIN) announced a private placement of 188,888 units at a price of $0.45 per unit for gross proceeds of $84,999.6 on May 9, 2013. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share of the company at a price of $0.75 per share for period of one year from date of closing. The company will issue securities pursuant to exemption provided under Regulation D and Regulation S. The company will issue securities to one United States and non-United States individual investor.

On the same day, the company received some funding.