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Completion of the issuance of shares in the payment of consulting fees
This document corrects and replaces the press release issued by Northern Graphite Company earlier in the day. The error occurred in the text where the paragraph titled “Payment of Consulting Fee” occurred twice. No other changes required in the release body.
Ottawa, Ontario – (Newsfile Corp. – August 2, 2022) – Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (The “a company“or”northernto announce the appointment of Marko Zvanek Bachelor of Science as Vice President of Global Sales. Marko has 35 years of experience in sales, management and operation in the composites, carbon fibres, nanomaterials and wind energy industries. He has implemented and managed global business teams for start-ups, mid-caps and Fortune 500 companies with a focus on delivering value to both his clients and their businesses.Mr. Zvanek received his Bachelor’s degree in Ocean Engineering in 1986 from Texas A&M University.
Mr. Zvanek will oversee all of Northern’s global business activities. Sales Managers in North America and Europe will report to Marco regarding the marketing of production from the Lac de Ile mines and Namibian graphite, and will be closely involved in the development of new markets for industrial value-added products and lithium-ion battery anode materials.
Marco Zvanec commented, “I am very excited to join Northern at this important time as we implement our strategy to become the world’s leading producer and processor of graphite. By supporting existing and future customers who need important materials like graphite, we will empower them to transform new industries such as the market. Lithium-ion batteries for electric vehicles.”
“Marco is exactly the person we were looking for in this role as we continue to grow and transform into a leading global graphite company,” said Northern Hugues CEO Jacquemin. “By leveraging his global experience, combined with a deep understanding of the specialty materials industry, he will make a huge difference to our customers and our company by helping provide complete solutions to the market.”
Pay the advisory fee
The Company also announces that it has completed the previously announced issuance of 700,000 Company common shares to NINE58 Advisors (“NINE58”), an investment advisory firm based in London, United Kingdom, at an estimated price of US$0.60 (approx. US$ (about C$546,000) in advisory fees payable to NINE58. Ordinary shares are subject to a four-month holding period ending on November 28, 2022.
About northern graphite
Northern is a Canadian company listed on TSXV and is focused on becoming a world leader in natural graphite production and upgrading it into high-value products essential for the green economy including anode material for LiB/EVs, fuel cells and graphene, as well as high-tech industries.
Northern is the only significant graphite producer in North America and will become the third largest outside China when its operations in Namibia return online in the first half of 2023. The company also has two large development projects, Besset Creek in Ontario and Okangandi in Namibia, which will be a source of continued growth for future production. All projects have “battery quality” graphite and are located near infrastructure in politically stable countries.
For additional information
Please visit the company’s website at http://www.northerngraphite.com/investors/presentation/, company profile at www.sedar.com, social channels listed below or call the company at (613)-241-9959.
This press release contains certain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements and information are often characterized by terms such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate,” “potential,” “possible,” and others. Similar words, or phrases that indicate that certain events or circumstances “may,” “will,” “could,” or “should” occur. Forward-looking statements in this release include statements relating, among other things, to the Company’s intentions in bringing its operations in Namibia back onto the line and bringing its development projects to production, and developing the ability to manufacture value-added products. All such forward-looking statements are based on assumptions and analyzes made by management based on its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that it believes are appropriate in the circumstances. However, such statements are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those expected including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; failure of the other parties to perform as agreed; social or labor disturbances; changes in commodity prices; Unexpected failure or inadequacy of infrastructure and the failure of ongoing and anticipated studies to deliver the expected results or outcomes that would justify and support ongoing studies, development, or operations. Readers are cautioned not to place undue reliance on forward-looking information or statements.
Although the forward-looking statements contained in this press release are based on what management believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company assumes no obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.
Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132470