Great Lakes Graphite Announces Resignation of Board Director
June 9, 2015 (Source: Marketwired) — Great Lakes Graphite Inc. (“GLK” or the “Company“) (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) is pleased to announce that Mr. Brad Barnett who joined the GLK Board of Director pursuant to the acquisition of the Lochaber Graphite property from Rock Tech Lithium has resigned from the Board of Directors, effective immediately, to pursue other interests.
Paul Gorman, CEO of Great Lakes Graphite stated, “On behalf of the Great Lakes Graphite Board of Directors, we would like to thank Brad for his service as a director of the Company. We wish him well in his future endeavours.”
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About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company focussed on bringing carbon products to a well-defined market through a vertically integrated supply chain. As there is currently no significant graphite production in North America, Great Lakes Graphite has the ability to become one of the first domestic suppliers to a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise. The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company through its Innovations Division is currently recommissioning an Ontario based Micronization Facility for re-start in late 2015 to achieve the following objectives:
- Establish a position in the upgraded graphite products market with North American customers.
- Create a competitive and disruptive advantage by leveraging existing assets.
- Pursue an accelerated timeline to cash flow and revenue by micronizing and upgrading flake graphite, enabled by supply agreements with current graphite producers.
The Lochaber Graphite Deposit is located just 30km east of Ottawa, in southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc. (TSX VENTURE:ELO) on the Summit-Gaber Cobalt property located in the La Grande Greenstone Belt in the Baie James region of Québec. Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 95,304,075 shares outstanding (139,012,966 fully diluted).
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.
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