Great Lakes Graphite Commencement of Trading on the OTCQB Market
January 16 2018 - 8:00AM
Great Lakes Graphite Inc. (“
GLK” or the
“
Company”) (TSX-V:GLK) (OTCQB:GLKIF) (FWB:8GL) is
pleased to announce that it has received notification that its
common shares have been approved for trading on the OTCQB Market in
the United States, with trading commencing at the opening on
Tuesday, January 16th, under the ticker symbol "GLKIF".
Listing on the OTCQB is part of Great Lakes
Graphite’s overall strategy to increase its potential audience of
international investors. It will provide the company with a
significant trading platform for its current shareholders and
future investors from the U.S. and internationally.
The OTCQB is the ideal marketplace for emerging
U.S. and international companies. To be eligible for the OTCQB,
companies must be current in their reporting obligations with the
U.S. Securities and Exchange Commission, meet a minimum price bid
test, and undergo an annual verification and management
certification process. These quality standards and appropriate
regulations coupled with a solid technical platform provide
investors with a high level of confidence and enhance their trading
experience. Investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company on
http://www.otcmarkets.com/stock/GLKIF/quote
Great Lakes Graphite will continue to trade on
the Toronto Venture Exchange under its current symbol GLK.
CEO Paul Gorman stated, “The United States
represents the most important target market for our business as
well as the most important financial market in the world. Our new
OTCQB listing provides Great Lakes Graphite with improved exposure
to U.S. investors and offers the potential for increased liquidity
and broader exposure.
Vehicle electrification plans and forecasts show
substantial growth for battery minerals like graphite. We already
have a considerable shareholder base in the U.S. and are pleased to
provide U.S. investors the ability to more easily participate in
Great Lakes Graphite as we take our place in the battery minerals
supply chains."
About Great Lakes Graphite:
Great Lakes Graphite is a Clean Technology Minerals Processing
Company supplying customers with innovative, high quality
value-added carbon products.
There is no significant graphite production in
North America now. As pricing and demand continue to rise, Great
Lakes Graphite is one of the first new domestic suppliers to a
growing regional customer base. We continually work to deliver
products of the best quality with outstanding customer service.
The Company is party to an agreement for
long-term supply of high quality natural graphite concentrate from
Brazil. Great Lakes Graphite is presently working with an
established US-based processor for toll micronization services. The
Company has partnered with Ashland Advanced Materials for
commercial-scale purification operations at Ashland’s 110,000
square foot purification facility located in Niagara, New York.
Through our partner relationships, Great Lakes
Graphite began selling micronized synthetic graphite beginning in
2016 and now supplies micronized and high purity micronized natural
flake graphite products to a growing customer base.
Further information regarding Great Lakes can be
found on the Company’s website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the
TSX Venture Exchange and currently has 125,656,830 shares
outstanding.
For more information, please
contact:
Paul GormanChief Executive OfficerEmail:
PGorman@GreatLakesGraphite.com
Susan MurphyManager, AdministrationEmail:
SMurphy@GreatLakesGraphite.com1-800-754-4510 x101
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.
Caution Regarding Forward Looking
Information: Certain statements in this press release may
constitute "forward looking information" which involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward looking
information. When used in this press release, such forward looking
information may use such words as "may'', "will'', "expect'',
"believe'', "plan'' and other similar terminology. Forward looking
information is provided for the purpose of presenting information
about management's current expectations relating to the future
events and the operating performance of the Company, and readers
are cautioned that such information may not be appropriate for
other purposes. The forward looking statements involve a number of
risks and uncertainties. These risks and uncertainties include, but
are not limited to, the ability of the Company to fulfill the
orders and future orders, regulatory requirements, general
economic, market or business conditions and future developments in
the sectors of the economy in which the business of Great Lakes
operates. The foregoing list of factors is not exhaustive. Please
see the Company's financial statements, MD&A and other
documents available on www.sedar.com, for a more detailed
description of the risk factors. The Company undertakes no
obligation to update publicly or revise any forward looking
information, whether a result of new information, future results or
otherwise, except as required by law.
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