07:05:50 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Great Lakes Graphite Inc
Symbol GLK
Shares Issued 97,574,075
Close 2015-07-27 C$ 0.07
Market Cap C$ 6,830,185
Recent Sedar Documents

Great Lakes drops option on Eloro's Summit-Gaber

2015-07-28 10:48 ET - News Release

Mr. Paul Gorman reports

GREAT LAKES GRAPHITE TERMINATES SUMMIT-GABER OPTION

Great Lakes Graphite Inc., in alignment with the current focus on graphite and the Matheson micronization facility, is relinquishing the option agreement with Eloro Resources for the Summit-Gaber property.

In order to address the obligations under the agreement and to leave the joint venture property in good standing, the corporation has made a proposal to the Eloro to leave the joint venture property in good standing, and to settle the debt of $28,912 (inclusive of HST) for services rendered to the corporation in exchange for the issuance of common shares in the capital of the corporation at a price of 10.7 cents per common share (for an aggregate issuance of 270,000 common shares). The settlement is pending the approval of the TSX Venture Exchange.

Distribution of severance-related share certificates

Further to the announcement of July 9, 2015, that the company had received TSX-V approval for the distribution of shares to Paul Ankcorn and John Siriunas, the company announces it has now completed distribution of the shares, marking the official successful conclusion of this distinctly distasteful matter.

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