Mason Graphite Announces Appointment of Independent Strategic Advisor
December 08 2020 - 8:00AM
Mason Graphite
inc. ("Mason Graphite" or the
“Company") (TSX.V: LLG; OTCQX: MGPHF) announced today that the
Board of Directors of the Company (the "Board") has retained
Laurentian Bank Securities Inc. as its Strategic Advisor to
assist it in the evaluation of several potential strategic partners
in the battery materials and mining industry to advance the
Company’s development, as announced in a press release issued on
October 28, 2020.
A Special Committee of the Board has been formed
to lead such discussions and has recommended the appointment of
Laurentian Bank Securities Inc. to complete a strategic review.
Mr. Gilles Gingras, Chairman of the Board of
Mason Graphite, commented: “The adequate use of our cash flow over
the past few months positions us favorably to study the
opportunities available to us and the engagement of a strategic and
financial advisor will help us to take the right decisions in the
best interest of all shareholders.”
CEO
Recruitment
Furthermore, the Board has retained Boyden, an
executive search firm, to assist it in finding a new CEO. “Bringing
on board a CEO with deep industry knowledge and a successful track
record in scaling a mining business is key for the Company’s next
growth phase,” commented Mr. Gilles Gingras.
About Mason Graphite
Mason Graphite is a Canadian company dedicated
to the production and transformation of natural graphite. Its
strategy includes the development of value-added products, notably
for green technologies like transport electrification. The Company
also owns 100% of the rights to the Lac Guéret graphite deposit,
one of the richest in the world. The Company 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. Ana Rodrigues at
info@masongraphite.com or 1 514 289-3580Head Office:
3030, boulevard Le Carrefour, suite 600, Laval, Quebec, Canada, 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. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". 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 Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi) the risks
associated with entering into joint ventures; (vii) fluctuations in
commodity prices; (viii) the risks associated with uninsurable
risks arising during the course of exploration, development and
production; (ix) competition faced by the resulting issuer in
securing experienced personnel and financing; (x) access to
adequate infrastructure to support mining, processing, development
and exploration activities; (xi) the risks associated with changes
in the mining regulatory regime governing the resulting issuer;
(xii) the risks associated with the various environmental
regulations the resulting issuer is subject to; (xiii) risks
related to regulatory and permitting delays; (xiv) risks related to
potential conflicts of interest; (xv) the reliance on key
personnel; (xvi) liquidity risks; (xvii) the risk of potential
dilution through the issue of common shares; (xviii) the Company
does not anticipate declaring dividends in the near term; (xix) the
risk of litigation; and (xx) risk management.
Forward-looking information is based on
assumptions management believes to be reasonable at the time such
statements are made, including but not limited to, continued
exploration activities, no material adverse change in metal prices,
exploration and development plans proceeding in accordance with
plans and such plans achieving their stated expected outcomes,
receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company 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 Company'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 Company 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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