Alabama Graphite Announces Grant of Incentive Stock Options to Recently Appointed Board Member
July 21, 2014 (Source: Accesswire) — Alabama Graphite Corp. (the “Company”) (TSX-V:ALP) (OTC:ABGPF) (FRANKFURT: 1AG.F WKN: A1J35M) (ISIN# CA0102931080) announces that it has granted incentive stock options to purchase a total of 400,000 common shares at an exercise price of $0.18 per share for a period of five years to Mr. Daniel Goffaux, a recently appointed director of the Company (see press release dated May 14, 2014), in accordance with the provisions of its stock option plan. Of these options, 75,000 will vest immediately and the balance will vest over a three year period.
Mr. Goffaux is a veteran of the mining industry and brings over 40 years of engineering, development, operations and managerial experience. Specifically he is one of a limited number of individuals to have led the construction, certification and start-up of a flake graphite mine in North America. Mr. Goffaux was President of Stratmin Graphite Inc. (now Timcal Canada Inc.) and along with Mr. Jean Depatie, Chairman of the board of the Company, was instrumental in the development of the Stratmin Graphite Mine. Stratmin was the first (and still the only) graphite producer in North America. Mr. Gaffoux was responsible for preparing the feasibility report, overseeing construction of the mill and managing to have the operations certified ISO 2003 within 3 years, contributing to the marketing success of its graphite flake product in over 35 countries.
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About Alabama Graphite:
Alabama Graphite Corp.’s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development on its flagship project “The Coosa Graphite Project” in Coosa County, Alabama, USA. The project encompasses over 40,000 acres and is located in an area with significant historical production of crystalline flake graphite. The Coosa Graphite project is 100% owned by Alabama Graphite and is on private land. The Company’s property has in place critical infrastructure, is within close proximity to transportation routes and has a hospitable climate allowing for year-round production and delivery. The Company published an inaugural mineral resource estimate in July 2013, which was revised in March 2014, is continuing to define the footprint of the “The Coosa Graphite Project” and will look to start work on the 100% owned “Hearst Graphite Property” in Northern Ontario. For further information and updates on the Company please visit www.alabamagraphite.com.
ALABAMA GRAPHITE CORP.
Ron S. Roda
President & Chief Executive Officer
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