Northern Graphite Corporation announced that it will issue senior secured debenture for aggregate gross proceeds of $15,000,000 on December 2, 2021. The debenture will be issued at a discount of 2% and will mature in 48 months from issuance. The debenture will bear an interest at 9% plus greater of $3-month LIBOR or 1%, interest will be payable and compounded semi-annually except that at its option interest payable during the initial 12 months can be capitalized and added to the principal of the debenture. The transaction is subject to customary closing conditions including the approval of TSX Venture Exchange.