The company acquired mining claims in three properties – the Miller, Walker and Dun Raven graphite mines for a consolidated amount of C$110,000 ($111,506) besides offering shares in exhange for each acquired mine.
Commenting on the acquired mines, Canada Carbon CEO Paul Ogilvie said that acquisition of Miller Lump/Vein Property provides the miner with an opportunity to assess its production potential outside of Sri Lanka.
"We feel the other two properties – Dun Raven and Walker will be great material feeder properties to our Asbury Project," added Ogilvie.
Quebec will be paid C$50,000 ($50,684) each for Miller and Walker mines along with an additional payment of C$10,000 ($10,137) towards Dus Raven mine.
Canada Carbon has also claimed to issue additional shares and a 2% royalty based on the performance of the mines.
