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Mason Graphite Announces Acquisition of Common Shares by its Chairman and Grant of Options
Mason Graphite Announces Acquisition of Common Shares by its Chairman and Grant of Options ...
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[{"type":"text","content":"\n \n \n \n Mason Graphite Announces Acquisition of Common Shares by its Chairman and Grant of Options\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 1, 2023\n \n \n /CNW/ - Mason Graphite Inc. (\n \n \"Mason Graphite\"\n \n or the\n \n \"Company\"\n \n ) (TSXV: LLG) (OTCQX: MGPHF) is pleased to report that its Chairman, Mr.\n \n Fahad Al-Tamimi\n \n , has acquired an aggregate of 6,399,500 common shares (the\n \n \"Shares\"\n \n ) in the capital of the Company. The Shares acquired represent approximately 4.53% of the issued and outstanding Shares of Mason Graphite.\n \n \n \n \n \n \n \n \n \n Prior to the transaction, Mr.\n \n Fahad Al-Tamimi\n \n owned 13,517,337 Shares, representing approximately 9.57% of Mason Graphite's issued and outstanding shares. Following the transaction, Mr.\n \n Fahad Al-Tamimi\n \n owns 19,916,837 Shares, representing approximately 14.1% of the Company's issued and outstanding shares.\n \n \n Mr.\n \n Fahad Al-Tamimi\n \n , commented: \"I am delighted to continue to support the Company and further bolster my financial commitment. Our graphite project holds global significance amidst the electrification revolution's early days. Geopolitical dynamics underscore the imperative for the world to secure anode material sources beyond\n \n China\n \n , as we witness a surge in anode capacity announcements in many places around the world. Additionally, our significant ownership in Black Swan Graphene Inc., which is advancing large scale graphene production for the concrete and polymer industries, fortifies our strategic position.\"\n \n \n \n Disclosure and Corporate Matters\n \n \n \n The transaction was made by Mr.\n \n Fahad Al-Tamimi\n \n for investment purposes. As a significant shareholder and Chairman of Mason Graphite, Mr.\n \n Fahad Al-Tamimi\n \n may, depending on market conditions, acquire additional shares or dispose of shares in the future, whether in transactions over the open market or through privately negotiated arrangements or otherwise, subje...