Mason Graphite Announces Board and Management Changes
February 25 2020 - 8:05AM
Mason Graphite Inc. ("Mason Graphite" or the
“Corporation") (TSX.V: LLG; OTCQX: MGPHF) announces today that Mr.
Benoit Gascon. President, Chief Executive Officer and Director will
retire, effective March 31, 2020.
Mr. Paul R. Carmel, Chairman of the Board of
Mason Graphite, commented: “On behalf of the Board of Directors, I
would like to show my gratitude to Benoît who worked tirelessly in
recent years to build a strong team and advance the Lac Guéret
Project.”
Mason Graphite also announces the appointment of
Mr. Peter Damouni as Director of the Corporation. Mr. Damouni has
over 18 years of experience in investment banking and capital
markets, with expertise in natural resources. Throughout his
career, Mr. Damouni has worked on and led equity and debt
financings valued over $5 billion. He has comprehensive experience
in equity financing, restructuring, corporate valuations and
advisory assignments.
Mr. Damouni is a Director of a number of
companies listed on the TSX, TSX-V and London Stock Exchange. Mr.
Damouni is a graduate of McGill University. He is a Canadian and
British citizen, residing in the United Kingdom.
The Board has commenced planning discussions to
appoint new leadership and has set up a CEO search committee,
formed of Messrs Paul Carmel, Chairman, Gilles Gingras and Peter
Damouni.
About Mason Graphite and the Lac Guéret
Project
Mason Graphite is a Canadian mining and
processing corporation focused on the development of its 100% owned
Lac Guéret natural graphite deposit located in northeastern Québec.
The Corporation is led by a highly experienced team that has over
five decades of experience in graphite production, sales, and
research and development. For more information, visit
www.masongraphite.com.
Mason Graphite Inc. On Behalf
of the Board, Paul Carmel, Chairman of the
Boardinfo@masongraphite.com
Head Office: 3030, boulevard Le Carrefour,
bureau 600, Laval, Québec, H7T 2P5
Cautionary Statements
This press release contains "forward-looking
information" within the meaning of Canadian securities legislation.
All information contained herein that is not clearly historical in
nature may constitute forward-looking information. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Corporation to be
materially different from those expressed or implied by such
forward-looking information.
Forward-looking information is based on
assumptions management believes to be reasonable at the time such
statements are made. Although the Corporation has attempted to
identify important factors that could cause actual results to
differ materially from those contained in the forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such forward-looking information. Such
forward-looking information has been provided for the purpose of
assisting investors in understanding the Corporation's business,
operations and exploration plans and may not be appropriate for
other purposes. Accordingly, readers should not place undue
reliance on forward-looking information. Forward-looking
information is made as of the date of this press release, and the
Corporation does not undertake to update such forward-looking
information except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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