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Bullboard - Stock Discussion Forum Mason Resources Inc V.LLG

Alternate Symbol(s):  MGPHF

Mason Resources Inc. is a Canada-based company. The Company is focused on identifying, evaluating, and pursuing business investment opportunities. The Company holds shares in Black Swan Graphene Inc., which is focused on the large-scale production and commercialization of patented graphene products aimed at several industrial sectors, including concrete and polymers.

TSXV:LLG - Post Discussion

Mason Resources Inc > Dec 8 news
View:
Post by Marshall on Dec 08, 2020 12:04pm

Dec 8 news

December 8, 2020Mason Graphite inc. ("Mason Graphite" or the “Company") (TSX.V: LLG; OTCQX: MGPHF) announced today that the Board of Directors of the Company (the "Board") has retained Laurentian Bank Securities Inc. as its Strategic Advisor to assist it in the evaluation of several potential strategic partners in the battery materials and mining industry to advance the Company’s development, as announced in a press release issued on October 28, 2020.

 

A Special Committee of the Board has been formed to lead such discussions and has recommended the appointment of Laurentian Bank Securities Inc. to complete a strategic review.

 

Mr. Gilles Gingras, Chairman of the Board of Mason Graphite, commented: “The adequate use of our cash flow over the past few months positions us favorably to study the opportunities available to us and the engagement of a strategic and financial advisor will help us to take the right decisions in the best interest of all shareholders.”

 

CEO Recruitment

 

Furthermore, the Board has retained Boyden, an executive search firm, to assist it in finding a new CEO. “Bringing on board a CEO with deep industry knowledge and a successful track record in scaling a mining business is key for the Company’s next growth phase,” commented Mr. Gilles Gingras.

 

About Mason Graphite

 

Mason Graphite is a Canadian company dedicated to the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The Company also owns 100% of the rights to the Lac Guret graphite deposit, one of the richest in the world. The Company is managed by an experienced team cumulating many decades of experience in graphite, covering production, sales, as well as research and development.

 

-30-

 

For more information: www.masongraphite.com

 

Mason Graphite inc.

Ana Rodrigues at info@masongraphite.com or 1 514 289-3580

Head Office: 3030, boulevard Le Carrefour, suite 600, Laval, Quebec, Canada, H7T 2P5

Comment by BudFox198777777 on Dec 08, 2020 1:50pm
Desperate Gilles Gingras trying to finally do something because his job is on the line from activist investors. I feel like he's been stalling this whole time and this could end up like NMX where all of a sudden they need $400 million financing out of the blue to keep going and the whole thing falls apart.  In any event, hope changes start happening, and fast!
Comment by SoundGuyz on Dec 08, 2020 3:36pm
A storm is brewing and I don't think control will be relinquished without a fight.  This seems to be a risky situation with a lot of uncertainty.  All I know is that some lawyers are getting paid a lot of money for dealing with this nonsense.  
Comment by Marshall on Dec 09, 2020 8:04am
Politics and self serving individuals continue to be a problem.  
Comment by Marshall on Dec 10, 2020 9:16am
So how did the boxing match work out on the 8th?   Again no updates from management.  Oh gee what a surprise.  FOOD FIGHT