MONTREAL, Nov. 12, 2013 /CNW/ - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG) (OTCQX: MGPHF) begins
trading today on the prestigious international segment of the U.S.
OTCQX marketplace, under the ticker symbol "MGPHF". OTCQX is a highly
visible trading market that should provide Mason Graphite with greater
access to the U.S. capital markets.
Benoit Gascon, President and CEO of Mason Graphite commented: "We are
very pleased that our shares are now trading on OTCQX. Trading on OTCQX
will provide Mason Graphite with a credible and accessible gateway to
U.S. based investors and we believe that this is an important step in
broadening our shareholder base globally."
Dorsey & Whitney LLP will serve as Mason Graphite's Principal American
Liaison ("PAL") on the OTCQX and will be responsible for providing
professional guidance on OTCQX requirements.
U.S. investors can find current financial disclosures and Real-Time
Level 2 quotes for the Company on www.otcmarkets.com.
About Mason Graphite
Mason Graphite is a Canadian mining company focused on the exploration
and development of its 100% owned Lac Guéret graphite property, which
is located in northeastern Québec near the main service center of
Baie-Comeau. The Lac Guéret property currently hosts a National
Instrument 43-101 compliant Mineral Resource (see news release issued
on July 16, 2012), based only on 17% of the known mineralized zone.
Excellent potential exists for mineral growth. The Company has also
completed a Preliminary Economic Assessment study which features 22
years of production at 27.4% Cg and a pre-tax internal rate of return
of 33.7% (see technical report issued by the Company on June 6, 2013).
The Company's senior management team possesses significant graphite
expertise from their experience at Timcal/Imerys; including Benoit
Gascon, CPA, CA, who held executive positions for 20 years, including
over 6 years as President and CEO; Jean L'Heureux, Eng., Executive
Vice-President, Process Development, with over 20 years of experience;
and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive
Vice-President, with 8 years of experience. Timcal, now owned by
Imerys, is one of the largest graphite producers in the world.
For more information about Mason Graphite, visit www.masongraphite.com or contact email@example.com.
Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President of
Process Development and a Qualified Person as defined by National
Instrument 43-101, has reviewed and approved the scientific and
technical content of this press release.
Stay Connected: Twitter: @MasonGraphite Facebook: /MasonGraphite
On behalf of Mason Graphite Inc.:
Benoît Gascon, President & CEO
Cautionary Statements Regarding Forward Looking Information
This press release contains "forward-looking information" within the
meaning of Canadian securities legislation. All information contained
herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking
information can be identified by the use of forward-looking terminology
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i) volatile
stock price; (ii) the general global markets and economic conditions;
(iii) the possibility of write-downs and impairments; (iv) the risk
associated with exploration, development and operations of mineral
deposits; (v) the risk associated with establishing title to mineral
properties and assets; (vi) the risks associated with entering into
joint ventures; (vii) fluctuations in commodity prices; (viii) the
risks associated with uninsurable risks arising during the course of
exploration, development and production; (ix) competition faced by the
resulting issuer in securing experienced personnel and financing; *
access to adequate infrastructure to support mining, processing,
development and exploration activities; (xi) the risks associated with
changes in the mining regulatory regime governing the resulting issuer;
(xii) the risks associated with the various environmental regulations
the resulting issuer is subject to; (xiii) risks related to regulatory
and permitting delays; (xiv) risks related to potential conflicts of
interest; (xv) the reliance on key personnel; (xvi) liquidity risks;
(xvii) the risk of potential dilution through the issue of common
shares; (xviii) the Company does not anticipate declaring dividends in
the near term; (xix) the risk of litigation; and (xx) risk management.
Forward-looking information is based on assumptions management believes
to be reasonable at the time such statements are made, including but
not limited to, continued exploration activities, no material adverse
change in metal prices, exploration and development plans proceeding in
accordance with plans and such plans achieving their stated expected
outcomes, receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially from those contained in the forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such forward-looking information. Such forward-looking
information has been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration plans
and may not be appropriate for other purposes. Accordingly, readers
should not place undue reliance on forward-looking information.
Forward-looking information is made as of the date of this press
release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable
Full technical details and notes for the Preliminary Economic Assessment
("PEA") can be found in the technical report entitled "NI 43-101
Technical Report on the Preliminary Economic Assessment, Lac
Guéret Graphite Project, Quebec, Canada" dated June 6, 2013 and
effective April 22, 2013, which is available under Mason
Graphite's profile on SEDAR at www.sedar.com and on Mason Graphite's website at www.masongraphite.com.
A PEA is preliminary in nature and includes Inferred Mineral Resources,
which are considered too geologically speculative to have mining and
economic considerations applied to them that would enable them to be
categorized as mineral reserves. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. There is no
certainty that the reserves development, production, and economic
forecasts on which the PEA is based will be realized.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mason Graphite Inc.
For further information:
Simon Marcotte, VP Corporate Development
+1 (416) 861-5822
65 Queen Street West, Suite 800
Toronto, ON M5H 2M5
2000 McGill College ave., Suite 2210
Montreal, QC H3A 3H3