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Berkwood Buys Back Position on Lac Gueret Graphite Project

Stockhouse Editorial
1 Comment| January 29, 2019

Battery metals mining Company Berkwood Resources Ltd. (TSX: V.BKROTCQB: CZSVFForum) announced on Tuesday that it intends to buy-back the 5% interest acquired by Progressive Planet Solutions Inc. for the Company’s lac Guéret South Graphite Project. Seeing clean energy as the future, PLAN management felt Berkwood had a top graphite project and invested into it at a premium. The Company was trading at 8 to 9 cents and offered PLAN a buy-in at 15 cents. Berkwood issued 1,750,000 units to Progressive, each unit consisted of one common one share and one-half warrant.

For more information on this, click here.

Berkwood recently completed its Phase 4 drilling at the lac Guéret South Graphite Project, located in Cote Nord, eastern Québec. The Phase 4 program is intended to comprise upward of 2,000 metres of core drilling aimed at developing the Company’s knowledge of the mineralization to the point that it could begin a preliminary mineral resource estimate.

FULL DISCLOSURE: Berkwood Resources Ltd. is a client of Stockhouse Publishing.

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