$AGT.V

Applied Graphite Technologies Proposing Name Change To Bullfrog Gold Corporation

Outcrop Silver & Gold Obtains 17.87% Stake in Applied Graphite Technologies

Outcrop Silver & Gold (OCG.V) now holds a 17.87% stake in Applied Graphite Technologies' (AGT.V) issued and outstanding common shares following a share acquisition, the company said late on Friday.Under a share exchange transaction that closed on May 22, Outcrop acquired 15 million AGT common shares at a price of C$0.10 per share. Prior to the transaction, Outcrop held no securities of AGT.Outcrop acquired the AGT shares for investment purposes and plans to review its investment in the company on a continuing basis.The common shares were issued from the treasury of AGT.

Applied Graphite Technologies to Raise $575,000 Via Non-Brokered Private Placement; Update On Bullfrog Deal And Concurrent Financing

Applied Graphite Technologies (AGT.V) announced overnight Wednesday a non-brokered private placement of up to 5.75-million AGT common shares at $0.10 for gross proceeds of up to $575,000.The company said the offering is scheduled to close on or about April 21, and is subject to AGT receiving all necessary regulatory approvals. Insider participation in the offering is anticipated.Proceeds will be used for general working capital needs.AGT also said that the prior announced deal with Bullfrog Gold Corporation, a private Canadian company, will be a Non-Arm's Length Transaction under TSXV policies as a certain officer of AGT is also an officer of Outcrop Silver & Gold Corporation (OCG.TO), a shareholder of Bullfrog.The concurrent financing announced March 18, will close subject to and following disinterested shareholder approval and receipt of TSXV approval for the Bullfrog transaction.Shares of the company closed unchanged at $0.095 on Wednesday on the TSX Venture Exchange.