National Graphite Corp. (OTCBB:NGRC) announced an equity line financing agreement with a private investment group for gross proceeds of up to $2,500,000 on October 17, 2012. The company will issue restricted common shares. The company can draw down the financing in tranches of $250,000 each. The price of the shares being issued will be determined by a 10% discount to the average daily trading price of the company's shares over the previous five day period.

As of November 12, 2012, the company has not received funding in the transaction.

As of February 28, 2013, the company has not received funding in the transaction.

As of May 31, 2013, the company has not received funding in the transaction.

As of November 30, 2013, the company has not received funding in the transaction.

On October 17, 2015, National Graphite Corp. (OTCPK:NGRC) cancelled the transaction.