NEWS ROUNDUP — Cal Graphite makes rights offering

Shareholders of Cal Graphite (VSE) are being offered two transferable rights for each common share held.

Each right entitles the holder to buy one common share for $1.40 per share. The offering will raise a minimum of $28.2 million and a maximum of $33.9 million.

Proceeds will be used to expand production and product lines, to pay debt, and as working capital.