Mason Graphite Inc. Begins Trading on the TSX Venture Exchange Under Symbol "LLG"
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
TSX.V: LLG
TORONTO, Oct. 29, 2012 /CNW/ - Mason Graphite Inc. (formerly POCML 1
Inc., "Mason Graphite" or the "Company") is pleased to announce that
the TSX Venture Exchange has granted approval for the listing of its
common shares. Mason Graphite shares will begin trading tomorrow,
October 30, 2012, at market open under the ticker symbol "LLG" as a
Tier 2 Issuer.
Benoît Gascon, CEO of Mason Graphite commented, "We are very excited to
begin trading on the TSX Venture and give investors the opportunity to
be part of the development of our Lac Guéret graphite project in
Quebec."
TSX Venture Trading Symbol
LLG
Capitalization Summary
Shares Outstanding 56,896,645
Options 500,000
Warrants 16,627,653
Fully Diluted 74,024,298
Transfer AgentÂ
Equity Financial Trust Corporation 200 University Avenue, Suite 400Toronto ONÂ M5H 4H1 Tel: (416) 361-0152 Fax: (416) 361-0470
CUSIP NumberÂ
57520W100 (CA 57520W1005)
On October 15, 2012, the Company announced that it had completed its
qualifying transaction with Mason Graphite Corp., whereby all of the
outstanding shares of Mason Graphite Corp. were exchanged for common
shares of the Company on a one-for-one basis. As a result 51,229,989
shares were issued by the Company to former Mason Graphite Corp.
shareholders, on a non-diluted basis, including 8,634,000 shares
(representing 15.2% of the issued and outstanding shares of the Company
on a non-diluted basis) which were issued to Fahad Tamimi, a resident
of Riyadh, Saudi Arabia. As part of this transaction, the name of the
Company was changed to "Mason Graphite Inc." Please see the Company's
filling statement dated September 15, 2012, or press releases dated
July 16, 2012 and October 16, 2012, for full details of the
transaction. These documents are available on the Company's website, www.masongraphite.com, or on its SEDAR profile at www.sedar.com.
About Mason Graphite
Mason Graphite is a Canadian mining company focused on the exploration
and development of its 100% owned Lac Guéret graphite property, which
is located in northeastern Québec near the main service center of
Baie-Comeau. The Lac Guéret graphite property currently hosts a
National Instrument 43-101 compliant Measured & Indicated Mineral
Resource of approximately 7.6 million tonnes grading 20.4% Cgr (carbon
as graphite)(see the news release issued by Mason Graphite on July 16,
2012). Exploration potential exists on the property with the current
Mineral Resource based on exploration of only 17% of one well defined
zone. Mason Graphite is led by Benoit Gascon, CA CMA, who has held 20
years of executive positions at Timcal, including over 6 years as CEO.
Timcal, now owned by Imerys, is one of the largest graphite producer in
the world.
Qualified Person
Benoît Moreau, President and COO of Mason Graphite, is a Qualified
Pesron as defined by National Instrument 43-101 and has reviewed and
approved the scientific and technical disclosure in this news release.
Other Information
Neither the TSXV nor its Regulation Services Provider (as that term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release and has in no way passed upon the
merits of the Transaction and has neither approved nor disapproved of
the contents of this press release.
Not for distribution to U.S. Newswire Services or for dissemination in
the United States. Any failure to comply with this restriction may
constitute a violation of U.S. Securities laws.
Cautionary Statements Regarding Forward Looking Information
This press release contains "forward-looking information" within the
meaning of Canadian securities legislation. All information contained
herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking
information can be identified by the use of forward-looking terminology
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company,
Mason Graphite Corp. or the resulting issuer to be materially different
from those expressed or implied by such forward-looking information,
including but not limited to: (i) volatile stock price; (ii) the
general global markets and economic conditions; (iii) the possibility
of write-downs and impairments; (iv) the risk associated with
exploration, development and operations of mineral deposits; (v) the
risk associated with establishing title to mineral properties and
assets; (vi) the risks associated with entering into joint ventures;
(vii) fluctuations in commodity prices; (viii) the risks associated
with uninsurable risks arising during the course of exploration,
development and production; (ix) competition faced by the resulting
issuer in securing experienced personnel and financing; * access to
adequate infrastructure to support mining, processing, development and
exploration activities; (xi) the risks associated with changes in the
mining regulatory regime governing the resulting issuer; (xii) the
risks associated with the various environmental regulations the
resulting issuer is subject to; (xiii) risks related to regulatory and
permitting delays; (xiv) risks related to potential conflicts of
interest; (xv) the reliance on key personnel; (xvi) liquidity risks;
(xvii) the risk of potential dilution through the issue of resulting
issuer common shares; (xviii) the resulting issuer does not anticipate
declaring dividends in the near term; (xix) the risk of litigation; and
(xx) risk management.
Forward-looking information is based on assumptions management believes
to be reasonable at the time such statements are made, including but
not limited to, continued exploration activities, no material adverse
change in metal prices, exploration and development plans proceeding in
accordance with plans and such plans achieving their stated expected
outcomes, receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company and
Mason Graphite Corp. have attempted to identify important factors that
could cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such forward-looking information will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such forward-looking information. Such
forward-looking information has been provided for the purpose of
assisting investors in understanding the Company, Mason Graphite Corp.
and the resulting issuer's business, operations and exploration plans
and may not be appropriate for other purposes. Accordingly, readers
should not place undue reliance on forward-looking information.Â
Forward-looking information is made as of the date of this press
release, and the Company, Mason Graphite Corp. and the resulting issuer
do not undertake to update such forward-looking information except in
accordance with applicable securities laws.
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SOURCE: Mason Graphite Inc.
For further information: For more information about Mason Graphite visit www.masongraphite.com or contact:
Toronto Office
65 Queen Street West, Suite 800
Toronto, Ontario M5H 2M5
Investor Relations
+1 (416) 861-1685
info@masongraphite.com
Simon Marcotte, Corporate Development
+1 (416) 309-2133
Montreal Office
2000 McGill College ave., Suite 2210
Montreal, PQ H3A 3H3
Benoît Gascon, CEO
+1 (514) 281-9434