Northern Graphite Corp V.NGC

Alternate Symbol(s): NGPHF

Metals & Mining Graphite

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.

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Northern Graphite Corp

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Comment by scissors14on May 10, 2012 12:16pm

212 Views

Post# 19894763

RE: RE: Jay Chmelauskas

Jay Chmelauskas didn't sell those shares:

https://canadianinsider.com/node/7?menu_tickersearch=NGC+|+Northern+Graphite

I think he sold the 75,000 shares he received through converting options (50 cents?) he received for being a BOD member when it went public. Now he just got 100,000 more options (restricted for four months) at $2.50. It'll be a while before those get converted and sold.

I don't know the guy but agree that it sends the wrong message to the market when a BOD member sells while a company is in the development stage. He must bring something to the BOD or Bowes wouldn't have him there cause he doesn't suffer fools lightly.

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