Bullboard - Stock Discussion Forum Ceylon Graphite Corp V.CYL

Alternate Symbol(s): CYLYF

Ceylon Graphite Corp is a graphite mining company. It is engaged in the exploration and production of high grade graphite. The company owns the K1 production site and several other sites advancing towards production including M1, N1 and H1

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Ceylon Graphite Corp > Ceylon Graphite Announces Amended and Restated Agreement

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Post by carbon16 on Feb 07, 2023 10:31am

Ceylon Graphite Announces Amended and Restated Agreement

Ceylon Graphite Announces Amended and Restated Agreement For Acquisition of Sarcon Development

Vancouver, BC, Feb. 07, 2023 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that it has entered into an amended and restated agreement dated February 4, 2023 (the “Restated Agreement”) with a private vendor (the “Vendor”) based in Sri Lanka to amend and restate the terms of a purchase agreement dated September 12, 2012 , as amended (the “Initial Agreement”), whereby the Company’s wholly owned subsidiary incorporated in Curacao, Plumbago Refining Corp BV (“Plumbago”), acquired Sarcon Development Pvt Ltd. (“Sarcon”). Sarcon holds 116 high-grade graphite grids in the country of Sri Lanka, which grids represent the Company’s primary focus for exploration and development.

FULL PRESS RELEASE: https://www.ceylongraphite.com/news/ceylon-graphite-announces-amended-and-restated-agreement-for-acquisition-of-sarcon-development/

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