Canada Carbon Provides Clarification of Indicative Pricing LCanada Carbon Provides Clarification of Indicative Pricing Letter
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2015) -Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces that as a result of a disclosure review by IIROC, it is issuing the following news release to clarify further the Company's July 15
th, 2015 press release on indicative pricing.
The terms "indicative pricing" and "real-time pricing" are neither industry standard nor defined terms in legislation. No spot price exists for graphite at any purity level. In addition, no mining study at any confidence level has been completed to establish costs of production, capital costs and other important economic considerations. To avoid any misinterpretation as to the value of graphite mineralization that may be hosted on the company's mineral property, all future graphite pricing information will be limited to disclosure within the Preliminary Economic Assessment.
The pricing in the graphite market space is not transparent. The Company's objective in its July 15th, 2015 press release was to provide some insight from an experienced third party graphite processor as to the current value of 99.9998% C(t) for a high-technology electronic device sector, with a worldwide consumption level of 250 to 350 tonnes per month.
CANADA CARBON INC.
R. Bruce Duncan, CEO and Director