Business
Ceylon Graphite Announces Market Making Agreement
Vancouver, June 21, 2022 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“the Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that, subject to
About this update from Ceylon Graphite Corp.
[{"type":"text","content":" Vancouver, June 21, 2022 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“the Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that, subject to regulatory approval, it has retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP C$5,000 per month for a period of 3 months. Following the initial term, this agreement will automatically renew for successive additional 1-month terms. The agreement may be terminated at any time by the corporation or VLP. The Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only. VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers. 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 [email protected]...