TORONTO, Nov. 9, 2022
/CNW/ - Black Swan Graphene Inc. ("Black Swan" or the "Company")
(TSXV: SWAN) (OTCQB: BSWGF) is pleased to announce that it has
decided to increase the size of the board of directors of the
Company (the "Board") and to support the election of Mr.
Brad Humphrey as an additional
independent director of the Company, who will be nominated at the
Annual General Meeting of Shareholders to be held virtually on
November 25, 2022 (the
"Meeting").
Simon Marcotte, President and
Chief Executive Officer of Black Swan commented: "On behalf of the
Board of Directors, I would like thank Brad for his interest in the
Company and we are looking forward to welcoming him to the team
upon his election at the upcoming Annual General Meeting of
Shareholders."
Brad Humphrey
Mr. Humphrey has over 25 years of international mining
experience and is currently the Chief Executive Officer of NiCAN
Limited (TSX-V: NICN), a Canadian explorer advancing nickel
projects in the province of Manitoba. Prior to joining NiCAN, Mr. Humphrey
was CEO of QMX Gold, a Canadian resource company which had a strong
shareholder base, including Eldorado Gold Corp., Osisko Gold
Royalties Ltd., O3 Mining Inc., and Probe Metals Inc. QMX was
ultimately acquired by Eldorado Gold in a $132 million transaction. Prior to QMX Gold, Mr.
Humphrey worked for Morgan Stanley as an Executive Director and
North American Precious Metals Analyst, where he was responsible
for growing Morgan Stanley's North American Gold research coverage.
Mr. Humphrey was also a Managing Director and Head of Mining
Research at Raymond James and covered precious metal equities at
CIBC World Markets and Merrill Lynch. Mr. Humphrey has held a
variety of mining industry roles from contract underground miner to
CEO. Mr. Humphrey was also on the board of Royal Fox Gold Inc.,
until its recent acquisition by Northern Superior Resources
Inc.
Mr. Simon Marcotte, the President
and Chief Executive Officer of the Company or, failing him, Mr.
Greg Duras, the Chief Financial Officer and Corporate Secretary of
the Company, being the persons designated in the form of proxy and
voting instruction form sent in connection with the Meeting, will
use their discretionary authority to cast the votes represented by
proxy appointing them at the Meeting for the increase in the size
of the Board and for the election of Mr. Humphrey to the Board.
The increase in the size of the Board and the election of Mr.
Humphrey were not included in the management information circular
dated September 28, 2022 (the
"Circular") nor the form of proxy or in the voting instruction form
sent by the Company in connection with the Meeting given that he
was identified as a nominee subsequent to the sending of these
materials. Shareholders wishing to vote with respect to the
increase in the size of the Board and the election of Mr. Humphrey
should carefully review the procedures described in the Circular
available on SEDAR at www.sedar.com so that they are able to
virtually attend and vote at the Meeting.
Corporate Matters
The Company has granted, pursuant to its stock option plan, an
aggregate of 700,000 stock options to members of management and
consultants who had not received any options or other equity
incentives thus far. Each option will entitle its holder to
purchase one common share of Black Swan Graphene at a price of
$0.15 until November 7, 2027. One third of the options will
vest upon their grant, one third will vest on the first anniversary
of their grant and the remainder will vest on the second
anniversary of their grant. The option grant is subject to
regulatory approval, including the approval of the TSX Venture
Exchange.
The Company has engaged Pinnacle Capital Markets Ltd.
("Pinnacle"), the parent company of theinvestorscoliseum.com, to
assist in enhancing its digital awareness presence with the global
investment community for an initial period of twelve months (the
"Initial Term"), subject to the terms of the service agreement
executed between the Company and Pinnacle. The Investors Coliseum
is a dynamic new way for investors to acquire accurate and timely
information on our featured public and private companies and their
related industries and sectors. By bringing exciting new equity
opportunities and companies into the Coliseum, Pinnacle aims to
provide a top level of communication with the investing public.
Pinnacle, which operates under the direction of Mr. Spyros P. Karellas, will receive a total
compensation of $45,000 for the
Initial Term services.
About Black Swan Graphene
Inc.
Black Swan Graphene Inc. is focused on the large-scale
production and commercialization of patented high-performance and
low-cost graphene products aimed at several industrial sectors,
including concrete, polymers, Li-ion batteries, and others, which
are expected to require large volumes of graphene. Black Swan aims
to leverage the low cost and green hydroelectricity of the province
of Québec as well as the proximity of the eventual graphite
production sites of the province in order to establish a fully
integrated supply chain, reduce overall costs, and accelerate the
deployment of graphene usage. Black Swan's graphene processing
technology was developed by Thomas
Swan & Co. Ltd ("Thomas Swan") over the last decade.
Thomas Swan is a United Kingdom-based global chemicals
manufacturer, with a century-long track record and has been at the
forefront of graphene innovation.
For more information, please visit:
www.blackswangraphene.com
Black Swan Graphene Inc. on behalf of the Board of
Directors
Simon Marcotte, CFA, President
& Chief Executive Office
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.
Forward-Looking
Information
Certain statements in this press release are forward-looking
statements, which reflect the expectations of management.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations, or intentions regarding the future, including
but not limited to, the Company's business objectives and
operations. Such statements are subject to risks and uncertainties
that may cause actual results, performance, or developments to
differ materially from those contained in the statements, including
risks related to factors beyond the control of the Company. The
novel strain of coronavirus, COVID-19, and the ongoing military
conflict between the sovereign state of Ukraine and Russia also pose new risks that are currently
indescribable and immeasurable. No assurance can be given that any
of the events anticipated by the forward-looking statements will
occur or, if they do occur, what benefits the Company will obtain
from them. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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SOURCE Black Swan Graphene Inc