Ceylon Graphite Announces Marketing Agreement
02 September 2021 - 9:15PM
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:
CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce The Company has
entered into a 6-month marketing and consulting contract with
Toronto based marketing firm, North Equities Corp. North Equities
Corp. specializes in various social media platforms and will be
able to facilitate greater awareness and widespread dissemination
of the Company's news.
The Company will pay, as approved by the Board of Directors of
the Company, C$100,000 plus GST for the services under the
Agreement and 800,000 options. The options are excercisable at a
price of C$0.14 and expire in 5 years. North Equities currently
owns zero shares of the Company.
Donald Baxter, Ceylon’s CEO commented, “We are excited to engage
North Equities to enhance our exposure on various social media and
marketing platforms and communicate this exciting story to a much
wider audience.”
About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on the TSX Venture
Exchange, that is in the business of mining for graphite, and
developing and commercializing innovative graphene and graphite
applications and products. Graphite mined in Sri Lanka is known to
be some of the purest in the world and has been confirmed to be
suitable to be easily upgradable for a range of applications
including the high-growth electric vehicle and battery storage
markets as well as construction, healthcare and paints and coatings
sectors. The Government of Sri Lanka has granted the Company’s
wholly owned subsidiary Sarcon Development (Pvt) Ltd. an IML
Category A license for its K1 mine and exploration rights in a land
package of over 120km². These exploration grids (each one square
kilometer in area) cover areas of historic graphite production from
the early twentieth century and represent a majority of the known
graphite occurrences in Sri Lanka.
Further information regarding the Company is available at
www.ceylongraphite.com
Don Baxter, Chief Executive Officer
info@ceylongraphite.com
Corporate Communications
+1(604) 765 8657
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking information as such
term is defined in applicable securities laws, which relate to
future events or future performance and reflect management's
current expectations and assumptions. The forward-looking
information includes statements about Ceylon Graphite’s grids,
Ceylon Graphite’s plans to undertake additional drilling and to
develop a mine plan, and to commence establishing mining
operations. Such forward-looking statements reflect management's
current beliefs and are based on assumptions made by and
information currently available to Ceylon Graphite, including the
assumption that, there will be no material adverse change in metal
prices, all necessary consents, licenses, permits and approvals
will be obtained, including various Local Government Licenses and
the market. Investors are cautioned that these forward-looking
statements are neither promises nor guarantees and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. Risk factors that could cause
actual results to differ materially from the results expressed or
implied by the forward-looking information include, among other
things, an inability to reach a final acquisition agreement,
inaccurate results from the drilling exercises, a failure to obtain
or delays in obtaining the required regulatory licenses, permits,
approvals and consents, an inability to access financing as needed,
a general economic downturn, a volatile stock price, labour
strikes, political unrest, changes in the mining regulatory regime
governing Ceylon Graphite, a failure to comply with environmental
regulations and a weakening of market and industry reliance on high
quality graphite. Ceylon Graphite cautions the reader that the
above list of risk factors is not exhaustive.
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