Ceylon Graphite Corp. today announced it has granted an aggregate of 5,000,000 stock options to its directors, officers and employees. Each option is exercisable at $0.215 per common share at any time until November 19, 2023. Ceylon would also like to announce that it has negotiated a debt conversion agreement with a non-arm’s length party. Pursuant to the terms of the Debt Agreement, the Corporation has agreed to issue [...]
Ceylon Graphite Corp. today announced it has granted an aggregate of 7,250,000 stock options to its directors, officers and employees. Each option is exercisable at $0.215per common share at any time until November 18, 2023. Ceylon Graphite would also like to announce that it has negotiated a debt conversion agreement with a non-arm’s length party. Pursuant to the terms of the Debt Agreement, the Company has agreed to [...]
Ceylon Graphite Corp. is pleased to announce that further to its press releases of October 19 and 23, 2020, it has issued an additional 21,265,000 units at a price of $0.0875 per Unit for gross proceeds of $1,860,687.50 in connection with the closing of a second tranche of its private placement financing . In aggregate, Ceylon Graphite issued an aggregate of 51,428,556 units for gross proceeds of $4,500,000 pursuant to [...]
Ceylon Graphite Corp. is pleased to announce that further to its press release of October 19, 2020, it has closed its first tranche of the private placement. An aggregate of 30,163,566 units at a price of $0.0875 per Unit for gross proceeds of $2,639,312 . The second closing for the balance of the Offering is anticipated to occur on or about October 28th, 2020, or such other date as the Company may determine. PowerOne [...]
Ceylon Graphite Corp. announces its intention to complete a private placement pursuant to which it will issue and sell up to 51,428,566 units of the Company at a price of $0.0875 per Unit for aggregate gross proceeds of up to approximately $4,500,000 . Each Unit will be comprised of one common share in the capital of Ceylon Graphite and one common share purchase warrant . Each whole Warrant will entitle the holder thereof [...]
Ceylon Graphite Corp. announces that pursuant to its press release of August 6, 2020, it has been granted a further extension to close its proposed private placement by the TSX Venture Exchange. The small delay is necessitated by certain measures instituted in the domicile of our investors in response to COVID-19 and other health related issues. Mr. Paul Selvam Devadoss, a lead investor said, “Our Consortium is very [...]
Ceylon Graphite Corp. announces that pursuant to its press release of August 6, 2020, it has been granted an extension to close its proposed private placement by the TSX Venture Exchange. The extension was granted to permit Ceylon Graphite to obtain the requisite disinterested shareholder approval. Further to its press release of August 6, 2020, the Company intends to raise gross proceeds of up to C$8,100,000 or [...]
Ceylon Graphite Corp. announces its intention to complete a non-brokered private placement of units for gross proceeds of up to C$ 8,100,000 or US$ 6,000,000 to a consortium of four international investors . Upon the closing of the Offering, the consortium will, collectively, own approximately 55% of the issued and outstanding shares of the Company, though individually no one subscriber will hold more than 15% of the [...]
Ceylon Graphite Corp. is pleased to announce its first sale of graphite from its wholly owned subsidiary, Sarcon Development Ltd , to the Korean market. The sale, which was for 300 kgs of vein graphite with carbon content of 95-97%, was to Elves Graphite Co, Ltd of Seoul, South Korea. The graphite was purchased to evaluate its suitability for battery manufacturers and other industries who use high-grade graphite in their [...]
Ceylon Graphite Corp. is pleased to announce its first sale of graphite from its wholly owned subsidiary, Sarcon Development Ltd , since the commencement of commercial production in December 2019. The sale, which was for 1 ton of vein graphite with Carbon content of 95-97%, was to 2D Materials Pte Ltd of Singapore. 2D Materials purchased the graphite to evaluate it for its graphene production needs. The shipment is [...]
Ceylon Graphite Corp. is very pleased to announce excellent results of Spheronization test work carried out at an independent facility with vein graphite from our K1 mine. All analyzed parameters of the manufactured spherical graphite product are in the range of typical comparable products. SEM images display well rounded spherical graphite particles similar to products on the market. Spheronization is a sizing and [...]
Ceylon Graphite Corp. is very pleased to announce that it has achieved 99.9997% Cg purity utilizing a thermal purification process with vein graphite from our K1 Mine. In addition to these positive, high-purity graphite results, it is important to note that Thermal Purification is environmentally responsible and sustainable and does not utilize acids that are commonly regarded as dangerous and environmentally harmful [...]
