National Graphite Corp. (NGRC)

[236T568]

NGRC - another scam company shows its true light:


http://ih.advfn.com/p.php?pid=nmona&article=61900453&symbol=NGRC


NOTE 4 – MINERAL INTERESTS



As of February 28, 2014 and May 31, 2013 the Company had $0 and $575,000 of costs related to the acquisition of mineral interests on mineral properties located throughout the United States. As of February 28, 2014 impairment of mineral interest was recorded for $582,820, since the company abandoned the property on December 9, 2013 and 100% of the asset value is impaired. The Company has one active exploration project, the Silver Strike project.