Ceylon hires North Equities for marketing services

Sep 2, 2021

2021-09-02 10:08 ET – News Release


Mr. Donald Baxter reports


Ceylon Graphite Corp. has entered into a six-month marketing and consulting contract with Toronto-based marketing firm North Equities Corp. North Equities specializes in various social media platforms and will be able to facilitate greater awareness and widespread dissemination of the company’s news.

The company will pay, as approved by the board of directors of the company, $100,000 (plus goods and services tax) for the services under the agreement and grant 800,000 stock options. The options are excercisable at a price of 14 cents per share and expire in five years. North Equities currently owns zero shares of the company.

Donald Baxter, Ceylon’s chief executive officer, commented, “We are excited to engage North Equities to enhance our exposure on various social media and marketing platforms and communicate this exciting story to a much-wider audience.”

About Ceylon Graphite Corp.

Ceylon Graphite 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 the 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 site and exploration rights in a land package of over 120 square kilometres. These exploration grids (each one square kilometre in area) cover areas of historical graphite production from the early 20th century and represent a majority of the known graphite occurrences in Sri Lanka.

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