Ceylon Graphite Announces Appointment of Rita Theil to its Board of Directors
January 25 2022 - 4:15PM
Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL)
(OTC: CYLYF) (FSE: CCY) is pleased to announce the appointment of
Rita Theil as the Non-Executive Chair of its Board of Directors
effective immediately. Ms. Theil has extensive governance
experience at the board level of both public and private companies,
with a particular focus on enterprises operating in highly
regulated industries. She is currently President and Chief
Executive Officer of JacKryn Holdings Inc., which is a corporate
finance advisory firm specializing in capital markets, strategy
development and execution, M&A and merger integration.
Her current and former independent board assignments include
Allstate Insurance Company of Canada, NewGen Asset Management,
WATERTAP Ontario, Global Water Resources Inc., and Scottish Water
plc.
Ms. Theil has a professional background as a corporate lawyer,
as well as extensive and varied experience as an investment banker.
At CITIBANK - Schroder Salomon Smith Barney, she served as
Director, European Utilities, Water, and Infrastructure. During her
tenure at CITIBANK, she also founded CITI WOMEN, an organization
formed to be a leader in attracting, developing, advancing, and
retaining female talent at all levels. In 2003, Ms. Theil also
established the Women’s Mentor Initiative.
Prior to CITIBANK, she was an Assistant Director at Dresdner
Kleinwort Benson where she worked on the privatization of the UK
electricity industry and built the power advisory investment
banking business for the United States and Canada.
“Ceylon is excited to have Rita join our board of directors. She
will bring considerable strategic value to the operations of the
company beyond her duties as a board member. In particular, her
extensive international mergers and acquisitions experience, risk
matrix development, and advisory work with governments will play a
key role as Ceylon looks to participate internationally in the
exciting battery revolution that we are witnessing” said Don
Baxter, Chief Executive Officer of Ceylon. “In addition, her
leadership in diversity and mentoring initiatives aligns well with
our mantra as we continue to promote a culture of corporate social
responsibility.”
“I am honoured to join Ceylon’s Board of Directors as its
Non-Executive Chair. I am looking forward to sharing my
international capital markets experience and my corporate
governance and regulatory perspectives in support of Ceylon’s
continued growth across Canada, Sri Lanka and foreign markets,”
said Rita Theil. “Ceylon is a fast-growing player in the
critical battery material supply chain and I am looking forward to
bringing my experiences and insights to the table to help broaden
its scope.”
Ms. Theil holds a Master of Business Administration degree
(International Strategy and Management) from the University of
Ottawa, as well as an LLB and a Bachelor of Social Science from the
same institution. She is a Chartered Director and the
recipient of numerous awards and honours.
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 purest 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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