Business
Northern Graphite Appoints Vice President of Global Sales
Completes Issuance of Shares in Payment for Advisory Fees Ottawa, Ontario--(Newsfile Corp. - ...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Appoints Vice President of Global SalesCompletes Issuance of Shares in Payment for Advisory FeesOttawa, Ontario--(Newsfile Corp. - August 2, 2022) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the \"Company\" or \"Northern\") is pleased to announce the appointment of Marco Zvanik B.Sc as Vice President of Global Sales. Marco has 35 years of sales, management and operational experience in the composite material, carbon fiber, nanomaterial and wind energy manufacturing industries. He has created, implemented and managed global commercial teams for start-up, mid-cap and Fortune 500 companies with a focus on delivering value for both his customers and their businesses. Mr. Zvanik received his B.Sc degree in Ocean Engineering in 1986 from Texas A&M University. Mr. Zvanik will oversee all global commercial activities for Northern. Sales Managers in North America and Europe will report to Marco with respect to marketing production from the Lac des Iles and Namibian graphite mines and he will be intimately involved in developing new markets for value added industrial products and lithium ion battery anode materials.Marco Zvanik commented, \"I am extremely excited to be joining Northern at this important time as we implement our strategy to become the world's leading graphite producer and processor. By supporting both current and future customers that require critical materials such as graphite, we will enable them to transform new industries such as the lithium ion battery market for electric vehicles.\"\"Marco is exactly the person we were looking for in this role as we continue to grow and transform into a world leading global graphite company,\" said Northern CEO Hugues Jacquemin. \"By leveraging his global experience, combined with a deep understanding of the specialty materials industry, he will make a big difference for our customers and our company by helping to provide complete solutions to the market.\"The Company also announces that it has completed the previously announced issuance of 700,000 common shares of the Company to NINE58 Advisors (\"NINE58\"), an arm's length investment advisory firm based in London, United Kingdom, at a deemed price of US$0.60 (approximately C$0.78) per share as payment for US$420,000 (approximately C$546,000) in advisory fees owed to NINE5...