Dr. William Pfaffenberger reports
SAINT JEAN CARBON ANNOUNCES APPOINTMENT OF INTERIM CFO
Saint Jean Carbon Inc.'s Anna Lentz has resigned as chief financial officer and corporate secretary, effective Oct. 27, 2020. Ms. Lentz was appointed CFO and corporate secretary on April 30, 2018.
The company has commenced a search for Ms. Lentz's replacement as CFO. Ms. Lentz will continue to provide day-to-day accounting support during this period and Dr. William Pfaffenberger, chairman of the board and president, has been appointed interim CFO of the company until a successor to Ms. Lentz is determined.
The company wishes to elaborate on its offtake agreement with Ameca (Sept. 30, 2020). Production in Sri Lanka will be delayed to late 2021 or early 2022. Saint Jean intends to presell at least 7,500 tonnes of the highest-quality graphite in the world, verified in Saint Jean's research and development facility, to a third party and never take physical possession of the material. Ameca and Saint Jean are in the process of agreeing on a formula of profit sharing on all sales. The intent is to sell the entire 10,000 tonnes of graphite under its agreement with Ameca. Ameca's planned initial production is 15,000 tonnes per year.
About Saint Jean Carbon Inc.
Saint Jean is a carbon science company with specific interests in energy storage, and green energy creation and green recreation, with holdings in graphite mining claims in the province of Quebec in Canada.
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