Ceylon Graphite has no material changes

Sep 13, 2021

2021-09-10 17:02 ET – News Release

Mr. Don Baxter reports

CEYLON GRAPHITE PROVIDES UPDATE ON FILING ANNUAL FINANCIAL STATEMENTS

Previously announced in news releases dated July 30, 2021, Aug. 13, 2021, and Aug. 27, 2021, Ceylon Graphite Corp. has been delayed in completing its filings of the annual financial statements, management’s discussion and analysis, and related officer certifications for the financial year ended March 31, 2021. COVID-19-related interruptions and restrictions in Sri Lanka has caused the delay in the company’s filings. Sri Lanka continues to be in the midst of a nationwide lockdown as a result of the COVID-19 pandemic. The company has sought an extension for filings and was approved for a management cease trade order by the British Columbia Securities Commission as of July 30, 2021.

In accordance with National Policy 12-203 — Management Cease Trader Orders, the status of the annual filings remains continuing and the company is working diligently with its auditor toward completing same on or before Sept. 29, 2021. The company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued July 30, 2021, and there is no other material information concerning the affairs of the company that has not been generally disclosed. Until the annual filings are completed, the company will continue to provide biweekly default status reports in accordance with the provisions of the alternative information guidelines set out in NP 12-203.

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 licence 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.

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https://www.ceylongraphite.com/