MONTREAL,
April 25, 2013 /CNW/ - Mason Graphite
Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG) announces
that it has granted an aggregate of 4,840,000 options to officers,
directors, employees and consultants of the Company. Each option
will allow for the purchase of one common share of Mason Graphite
at a price of $0.60 until
April 23, 2018. The options will vest
in three installments; one third will vest upon issuance, one third
will vest after one year following issuance, and the last third
will vest two years following issuance. The option grant is subject
to acceptance by the TSX Venture Exchange.
About Mason Graphite
Mason Graphite is a Canadian mining company
focused on the exploration and development of its 100% owned Lac
Guéret graphite property, which is located in northeastern Québec
near the main service center of Baie-Comeau. The Lac Guéret graphite property
currently hosts a National Instrument 43-101 compliant Mineral
Resource (see news release issued on July 16, 2012), which considers the exploration
of only 17% of one well defined zone. Excellent potential exists
for mineral growth. In April 2013,
the Company released the results of its Preliminary Economic
Assessment (see news release issued on April 22, 2013). The Company's senior management
team possesses significant graphite expertise from their experience
at Timcal/Imerys; including Benoit
Gascon, CPA, CA, who held 20 years of executive positions,
including over 6 years as President and CEO; Jean L'Heureux, Eng.,
Senior Director of Process Development, with over 20 years of
experience; and Luc Veilleux, CPA,
CA, with 8 years of experience. Timcal, now owned by Imerys, is one
of the largest graphite producers in the world.
SOURCE Mason Graphite Inc.