Great Lakes Graphite’s New COO Brings Project Management and Financing Expertise
February 01 2018 - 8:00AM
Great Lakes Graphite Inc. (“
GLK” or the
“
Company”) (TSX-V:GLK) (OTCQB:GLKIF) (FWB:8GL) is
pleased to announce that Todd Jorn has been appointed to the
position of Chief Operating Officer, effective immediately.
Great Lakes Graphite CEO Paul Gorman said, “Todd
Jorn has worked with the Company in an informal advisory capacity
over the past several months. In that time, Todd has made key
contributions and demonstrated a serious level of commitment. Todd
brings with him a well-established network that provided us with
Brett Clark, the most recent addition to our Board of
Directors.”
Todd Jorn added, “Great Lakes Graphite has a
unique and exciting opportunity in battery materials given the
strong demand outlook for electric vehicles and stationary storage
for the foreseeable future. I am excited about joining the Great
Lakes team and believe that my financial background is directly
relevant to the Company’s current needs and that having a New York
City presence will provide improved visibility and access to key
constituencies for both business development and investment related
activities. In addition to assisting with day to day operations of
the Company, I have responsibility for managing specific strategic
partner relationships which were initiated through my efforts and
network contacts. We will be providing details on those
partnerships through news releases planned for distribution over
the coming weeks.”
Mr. Jorn has spent approximately 35 years in the
investment banking industry holding a variety of senior producing
and management positions. Most recently, Mr. Jorn was a Managing
Director at The Seaport Group, a New York based broker dealer and
investment bank. Mr. Jorn ran the firms' insurance markets business
from May 2010 until January 2013. Mr. Jorn also served on the
firm's Management Committee and organized the company's initial
effort to establish a fixed asset finance and trading business,
focused on shipping and commodities. Prior to joining Seaport, Mr.
Jorn, along with John Thomas, was a founding partner of Pfife
Hudson Group (2005-2009); a Managing Director of The Provident
Group (2003-2005); the founding partner of PFI Capital (2002-2003);
and from 1984-2002, a Managing Director of Fixed Income and a
member of the Fixed Income Operating Committee at Lehman Brothers
where he held senior positions in Sales, Sales Management, Trading
and Research. Mr. Jorn has an MBA from Georgia State University
(1981) and BA's in Economics and Public Policy from Duke University
(1976).
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 as GLKIF on the
OTCQB market in the US and as GLK on the TSX Venture Exchange in
Canada. There are currently 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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