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Ceylon Graphite Received Approval to Extend Warrant Exercise Period
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC:CYLYF) (FSE: CCY) is pleased to announce that,
About this update from Ceylon Graphite Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC:CYLYF) (FSE: CCY) is pleased to announce that, further to its press releases of October 1 and 14, 2021, it has received TSX-Venture Approval to amend (the \"Amendment\") the terms of an aggregate of 10,500,000 warrants (each, a \"Warrant\") issued by Ceylon in connection with its non-brokered private placement which closed in two tranches on October 16, 2019 and December 6, 2019, respectively. Pursuant to the terms of the Amendment, the expiry date of the Warrants have been amended such that 8,000,000 Warrants will expire on October 16, 2022 and 2,500,000 warrants will expire on December 6, 2022. All other terms and conditions of the Warrants will remain unchanged. 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 [email protected] 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...