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LAVAL, QUEBEC--(Marketwired - June 12, 2015) - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX VENTURE:LLG) (OTCQX:MGPHF) announces that it intends to issue an aggregate of 234,906 common shares of the Company (the "Common Shares") at a deemed price per share of $ 0.53 in payment of $ 124,500 in interest due and payable under the Company's 12% convertible debentures due June 11, 2019 (the "Debentures"). Under the terms of the Debentures, the Company has the option to pay 50% of the semi-annual interest due on the Debentures in Common Shares. The balance of the interest owing under the Debentures, being $ 124,500, has been paid in cash. |
