Mason Graphite Announces Board and Management Changes
August 27 2020 - 4:15PM
Mason Graphite Inc. ("Mason Graphite" or the
“Corporation") (TSX.V: LLG; OTCQX: MGPHF) announces today the
following Board and management changes, to become effective on
September 1st, 2020.
As previously announced, Chair and interim CEO
Paul R. Carmel is resigning, to become President and CEO of Sidex
S.E.C. Sidex is an institutional investment fund sponsored by
the government of Quebec and the Fonds de Solidarité FTQ and whose
mission it is to invest in companies engaged in the mineral
exploration in Quebec.
Gilles Gingras, who sits on the Board of
Directors since 2018, has been appointed as Chair of the Board.
Leadership at the management level will be
assumed by COO Jean L’Heureux until such time as a permanent CEO
can be identified.
Peter Damouni has been appointed as Chair of the
corporate governance, nomination and compensation committee; such
committee is also composed of Gaston Morin and Gilles Gingras.
François Laurin will continue in his role as
Chair of the Audit committee, alongside existing audit committee
members Guy Chamard and Gilles Gingras.
Mr. Gilles Gingras, newly appointed Chair of the
Board of Mason Graphite, commented: “On behalf of the Board of
Directors, I would like to show my gratitude to Paul Carmel who has
led the Corporation through challenging markets and has laid the
foundation for a brighter future. We wish him all the best in his
future endeavors.”
Mr. Paul R. Carmel also commented: “The
Corporation has a strong board of directors, a strong management
team and a very sound balance sheet and the future is indeed
bright. I have very much enjoyed my experience with Mason and
leave knowing the Corporation is healthy and in good hands.”
About Mason Graphite and the Lac Guéret
Project
Mason Graphite is a Canadian corporation
dedicated to the production and transformation of natural graphite.
Its long-term strategy includes the development of value-added
products, notably for green technologies like transport
electrification. The Corporation also owns 100% of the rights to
the Lac Guéret graphite deposit, one of the richest in the world.
The Corporation is managed by an experienced team cumulating many
decades of experience in graphite, covering production, sales, as
well as research and development.
For more
information: www.masongraphite.com
Mason Graphite Inc.
info@masongraphite.comHead Office: 3030, boulevard Le Carrefour,
bureau 600, Laval, Québec, H7T 2P5
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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