This is a penny miner with all that that impliesAnother initiative of our renegade CEO that was not thought out completely before launching.
"it has been granted an extension to close its proposed private placement by the TSX Venture Exchange. The extension was granted to permit Ceylon Graphite to obtain the requisite disinterested shareholder approval."
I have a small amount of $ in CYL and will not advance any more $ until management shows it knows what it is doing. Mr. CEO is learning hpw to do things when you are a listed public company.
Can anyone explain what is a disinterested shareowner. I consider myself to be interested (dilution etc.) however I do not expect to be consulted because of my very small share count.
I was hoping to avarage up as CYL progressed, but now that is in doubt