Ceylon Graphite Announces Marketing Agreement
October 18 2021 - 7:15AM
Ceylon Graphite Corp. (“the Company”) (TSX-V: CYL)
(OTC: CYLYF) (FSE: CCY) is pleased to announce an agreement with
Volume Hunters of Vancouver, B.C., Canada, to provide social media
and capital markets advisory services to the Company. Volume
Hunters will initiate and increase awareness of the Company across
multiple social media platforms, highlighting its multiple, highly
prospective, mining properties, its exploration and near term
production plans. A key part of this mandate will focus on
increasing visibility and building long term relationships with
institutions, HNWI and accredited investors. The agreement with
Volume Hunters has an initial term of twelve months, for which they
will be paid a fee of $50,000.
“We are excited to work with the principals of
Volume Hunters to broaden our exposure over the next year on
various social media and marketing platforms and communicate this
exciting story to a much wider audience," stated Don Baxter, CEO of
Ceylon Graphite.
QUALIFIED PERSON
Donald K. D. Baxter, P.Eng.,CEO of Ceylon
Graphite Corp., is a Qualified Person as defined by National
Instrument 43-101 ("N.I. 43-101") guidelines, and has reviewed and
approved the content of this news release.
About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on
the TSX Venture Exchange, that is in the business of mining for
graphite, and developing and commercializing innovative graphene
and graphite applications and products. Graphite mined in Sri Lanka
is known to be some of the highest grade in the world and has been
confirmed to be suitable to be easily upgradable for a range of
applications including the high-growth electric vehicle and battery
storage markets as well as construction, healthcare and paints and
coatings sectors. The Government of Sri Lanka has granted the
Company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. an
IML Category A license for its K1 mine and exploration rights in a
land package of over 120km². These exploration grids (each one
square kilometer in area) cover areas of historic graphite
production from the early twentieth century and represent a
majority of the known graphite occurrences in Sri Lanka.
Further information regarding the Company is available at
www.ceylongraphite.com
Don Baxter, Chief Executive Officer
info@ceylongraphite.com
Corporate Communications
+1(604) 765 8657
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 STATEMENTS:
This news release contains forward-looking
information as such term is defined in applicable securities laws,
which relate to future events or future performance and reflect
management's current expectations and assumptions. The
forward-looking information includes statements about Ceylon
Graphite’s grids, Ceylon Graphite’s plans to undertake additional
drilling and to develop a mine plan, and to commence establishing
mining operations. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to Ceylon Graphite, including
the assumption that, there will be no material adverse change in
metal prices, all necessary consents, licenses, permits and
approvals will be obtained, including various Local Government
Licenses and the market. Investors are cautioned that these
forward-looking statements are neither promises nor guarantees and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. Risk factors that
could cause actual results to differ materially from the results
expressed or implied by the forward-looking information include,
among other things, an inability to reach a final acquisition
agreement, inaccurate results from the drilling exercises, a
failure to obtain or delays in obtaining the required regulatory
licenses, permits, approvals and consents, an inability to access
financing as needed, a general economic downturn, a volatile stock
price, labour strikes, political unrest, changes in the mining
regulatory regime governing Ceylon Graphite, a failure to comply
with environmental regulations and a weakening of market and
industry reliance on high quality graphite. Ceylon Graphite
cautions the reader that the above list of risk factors is not
exhaustive.
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