Sold this Monday - didn't think I'd be able to buy it back so soon.....

2014-09-17 07:37 ET - News Release

Mr. Brent Nykoliation reports

ENERGIZER RESOURCES ANNOUNCES PRIVATE PLACEMENT COMMON SHARE FINANCING

Energizer Resources Inc. has engaged an agent to conduct a brokered private placement, on a best efforts basis, of common shares of the company to raise gross proceeds of up to $4.8-million (U.S.) with an issue price of 14 U.S. cents per common share. The offering price was negotiated between the company and the agent, in the context of the market price for shares of the company following the engagement of the agent in respect of the offering, and prior to the recent appreciation of the company's share price.

In connection with the offering, Energizer will pay to the agent a cash fee equal to up to 6 per cent of the gross proceeds raised under the offering and will issue to the agent warrants to purchase that number of common shares equal to 6 per cent of the aggregate number of common shares sold in the offering. Each broker warrant will have a term of 24 months following its issue and be exercisable at the same exercise price as the common shares.

All securities issued in connection with the offering will be subject to a minimum six-month hold period. The closing of the offering is subject to the final approval of the Toronto Stock Exchange and other conditions, including satisfactory due diligence. The closing of the offering is expected to be on or around Sept. 24, 2014.

The net proceeds from the offering will be used primarily to finance the production of additional graphite concentrate samples from the Molo project in Madagascar, for distribution to potential offtake groups and end-users of graphite which the company are in advanced discussions with and for general working capital purposes.

The company has obtained conditional approval from the TSX for the listing of all common shares issuable pursuant to the offering (including those underlying the broker warrants). Listing will be subject to satisfying all of the requirements of the TSX.

We seek Safe Harbor.

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