Ceylon gets OK to extend expiry of warrants, debentures

Nov 25, 2021

2021-11-24 18:51 ET – News Release

Mr. Don Baxter reports

CEYLON GRAPHITE ANNOUNCES APPROVAL TO AMEND CONVERTIBLE DEBENTURES AND WARRANTS

Further to its press release of Nov. 9, 2021, Ceylon Graphite Corp. has received TSX Venture Exchange approval to amend certain terms of the convertible debenture that were issued by the company on May 23, 2018, and the common share purchase warrants issued on May 23, 2018, in connection with the convertible debentures.

Pursuant to the terms of the amendment, the maturity date of the convertible debentures is extended by one year from Nov. 23, 2021, to Nov. 23, 2022, and the expiry date of the warrants have been amended such the warrants will expire Nov. 23, 2022.

All other terms and conditions of the convertible debentures and warrants will remain unchanged.

About Ceylon Graphite Corp.

Ceylon Graphite is a public company listed on the TSX Venture Exchange, that is in the business of mining for graphite, and developing and commercializing innovative graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be some of the purest in the world and has been confirmed to be suitable to be easily upgradable for a range of applications including the high-growth electric vehicle and battery storage markets as well as construction, health care, and paints and coatings sectors. The government of Sri Lanka has granted the company’s wholly owned subsidiary, Sarcon Development Pvt. Ltd., an IML Category A license for its K1 mine and exploration rights in a land package of over 120 square kilometres. These exploration grids (each one square kilometre in area) cover areas of historic graphite production from the early 20th century and represent a majority of the known graphite occurrences in Sri Lanka.

We seek Safe Harbor.

https://www.ceylongraphite.com/