Ceylon Graphite Announces Marketing Agreement
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE)
Ceylon Graphite Corp . (“the Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce an agreement with Volume Hunters of Vancouver, B.C., Canada, to provide social media and capital markets advisory services to the Company.
Volume Hunters will initiate and increase awareness of the Company across multiple social media platforms, highlighting its multiple, highly prospective, mining properties, its exploration and near term production plans. A key part of this mandate will focus on increasing visibility and building long term relationships with institutions, HNWI and accredited investors. The agreement with Volume Hunters has an initial term of twelve months, for which they will be paid a fee of $50,000.
“We are excited to work with the principals of Volume Hunters to broaden our exposure over the next year on various social media and marketing platforms and communicate this exciting story to a much wider audience,” stated Don Baxter, CEO of Ceylon Graphite.
Donald K. D. Baxter, P.Eng.,CEO of Ceylon Graphite Corp., is a Qualified Person as defined by National Instrument 43-101 (“N.I. 43-101”) guidelines, and has reviewed and approved the content of this news release.
About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on the TSX Venture Exchange, that is in the business of mining for graphite, and developing and commercializing innovative graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be some of the highest grade in the world and has been confirmed to be suitable to be easily upgradable for a range of applications including the high-growth electric vehicle and battery storage markets as well as construction, healthcare and paints and coatings sectors. The Government of Sri Lanka has granted the Company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. an IML Category A license for its K1 mine and exploration rights in a land package of over 120km². These exploration grids (each one square kilometer in area) cover areas of historic graphite production from the early twentieth century and represent a majority of the known graphite occurrences in Sri Lanka.