March 2, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: NWNYF) (FSE: CCY) announces that it has listed its common shares on the Frankfurt Stock Exchange (FSE) under the ticker symbol “CCY.FSE” WKN: A2DJ44 / ISIN: CA15722J1030.
The Frankfurt Stock Exchange is the world’s third largest organized exchange-trading market as measured by trading volume. Only the Nasdaq and the New York Stock Exchanges are larger. Ceylon Graphite’s shares continue to trade on the TSX Venture Exchange as its primary market.
Bharat Parashar, Chief Executive Officer, said: “This European listing will increase Ceylon Graphite’s global exposure and allow European investors to invest in the company.”
About Ceylon Graphite Corp
Ceylon Graphite Corp. is a public company listed on the TSX Venture Exchange (CYL:TSX-V). It is in the business of exploring for and developing graphite mines in Sri Lanka. The Government of Sri Lanka has allocated the company exploration rights in a land package constituting over 100km² of exploration grids covering all relevant areas that have had historical graphite production dating back from the 1900’s to 1930’s representing a majority of the known vein graphite occurrence in Sri Lanka. Vein graphite is unique in nature and is comparatively higher margin due to its purity.
“Neither 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.”
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management’s current expectations and assumptions. The forward-looking information includes statements about Ceylon Graphite’s grids, Ceylon Graphite’s plans to undertake additional drilling and to develop a mine plan, and to commence establishing mining operations. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to Ceylon Graphite, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various Local Government Licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, an inability to reach a final acquisition agreement, inaccurate results from the drilling exercises, a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Ceylon Graphite, a failure to comply with environmental regulations and a weakening of market and industry reliance on high quality graphite. Ceylon Graphite cautions the reader that the above list of risk factors is not exhaustive.
These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, Ceylon Graphite does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)
These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
Further information regarding the Company is available at www.ceylongraphite.com
Bharat Parashar, Chairman & Chief Executive Officer
Corporate Communications
(604) 559-8051
