In another development, privately-owned Mega Graphite Inc. of Oakville, Ont., has retained Union Securities Ltd. to lead an IPO that aims to raise up to $10 million for graphite projects in Canada, Australia and India.
http://www.stockhouse.com/Community-News/2012/Jan/20/Stockhouse-Movers---Shakers--Why-graphite-is-sudde
Have seen another source using the 10 mil number. I guess the key is "up to". If it is 10 mil then you'd expect the 200 mil to be private.
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