Great Lakes Graphite Inc GLKIF

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified, and Coated spherical purified. The advanced carbon products include ALD-Coated graphite, Graphene, and Carbon composite materials.

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Great Lakes Graphite Inc > SJL up on news

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Comment by Luckierjackon Jan 25, 2019 10:17am

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Post# 29280537

RE:RE:RE:RE:RE:RE:RE:SJL up on news

I did look at Sedar. This is note 8I from the SJL statements: In May 2018, the Company acquired a 100% ownership of the historical mining property known as the Lochaber claims located in South Western Quebec. On closing, the Company paid $425,000 by way of offset against an accounts receivable owing by the vendor, issued 750,000 common shares (on a post-consolidation basis) at a deemed value of $0.20 per share to Great Lakes Graphite Inc., and entered into an offtake agreement to allow Great Lakes the first right of refusal to purchase up to 10,000 metric tons per year for the life of the mine. The Company will pay a 1.75% net operational operating cost royalty for 10 years. GLK has a note that has some similar items and some that are different.

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