Business
Mason Graphite begins Trading on OTCQX in the US
MONTREAL , Nov. 12, 2013 /CNW/ - Mason Graphite Inc. ("Mason Graphite" or the "Company...
About this update from Transoceanic Investments Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Nov. 12, 2013 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\" or the \"Company\") (TSX.V: LLG) (OTCQX: MGPHF) begins\n trading today on the prestigious international segment of the U.S.\n OTCQX marketplace, under the ticker symbol \"MGPHF\". OTCQX is a highly\n visible trading market that should provide Mason Graphite with greater\n access to the U.S. capital markets.\n\n\nBenoit Gascon, President and CEO of Mason Graphite commented: \"We are\n very pleased that our shares are now trading on OTCQX. Trading on OTCQX\n will provide Mason Graphite with a credible and accessible gateway to\n U.S. based investors and we believe that this is an important step in\n broadening our shareholder base globally.\"\n\n\nDorsey & Whitney LLP will serve as Mason Graphite's Principal American\n Liaison (\"PAL\") on the OTCQX and will be responsible for providing\n professional guidance on OTCQX requirements.\n\n\nU.S. investors can find current financial disclosures and Real-Time\n Level 2 quotes for the Company on www.otcmarkets.com.\n\n\nAbout Mason Graphite \n\n\nMason Graphite is a Canadian mining company focused on the exploration\n and development of its 100% owned Lac Guéret graphite property, which\n is located in northeastern Québec near the main service center of\n Baie-Comeau. The Lac Guéret property currently hosts a National\n Instrument 43-101 compliant Mineral Resource (see news release issued\n on July 16, 2012), based only on 17% of the known mineralized zone.\n Excellent potential exists for mineral growth. The Company has also\n completed a Preliminary Economic Assessment study which features 22\n years of production at 27.4% Cg and a pre-tax internal rate of return\n of 33.7% (see technical report issued by the Company on June 6, 2013).\n The Company's senior management team possesses significant graphite\n expertise from their experience at Timcal/Imerys; including Benoit\n Gascon, CPA, CA, who held executive positions for 20 years, including\n over 6 years as President and CEO; Jean L'Heureux, Eng., Executive\n Vice-President, Process Development, with over 20 years of experience;\n and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive\n Vice-President, with 8 years of experience. Timcal, now owned by\n Imerys, is one of the largest graphite producers in the world.\n\n\nFor more...