Alabama Graphite Corp. (TSX-V: CSPG; OTCQB: CSPGF; FSE: 1AG) has closed on its second and final tranche of previously announced non-brokered private placement, issuing 3,180,000 units at $0.15 per unit for gross proceeds of approximately $477,000. Together with the first tranche, the company raised approximately $1,326,000 through the issuance of 8,840,000 units.