SRG Graphite Inc. Announces Appointment of New Officers and Grant of Stock Options
SRG Graphite Inc. Announces Appointment of
New Officers and Grant of Stock Options
MONTREAL
,
Aug. 9, 2018
/CNW Telbec/ -
SRG Graphite Inc.
(TSXV: SRG) ("SRG" or the
"Company") announces that the Company's board of directors has approved a new corporate
structure. The Company has appointed Mr.
Raphael Beaudoin
as Vice-President, Operations,
Metallurgy and Process Design, Mr.
Elias J. Elias
as Vice-President, Legal and Corporate Affairs
and Corporate Secretary, Mr.
Mathieu Charette
as Vice-President Finance and Corporate
Controller, and Mr. Michel Labonté as General Manager of SRG Guinea. With these appointments,
management and the board of directors are confident this will contribute positively to the Company
as it moves closer to construction.
"Having worked with all of these gentlemen, I am thrilled by these appointments given each
individuals' skills, qualifications and experiences. I believe this will directly contribute to creating
shareholder value" declared Mr.
Benoit La Salle
, Executive Chairman of the Company.
"We are delighted to be announcing the bolstering of the executive and operational teams at SRG as
we continue to meet our objectives and milestones and move towards advancing the feasibility
study," said Mr.
Ugo Landry-Tolszczuk
, President and COO of SRG.
Mr. Beaudoin graduated from
McGill University
in 2010 with a degree in materials engineering. Mr.
Beaudoin worked as a plant metallurgist at the Minto Mine in the
Yukon
before joining the Nunavik
Nickel Project for Canadian Royalties Inc. in 2012. He participated in the implementation of the
Nunavik Nickel concentrator as a plant metallurgist, and later secured the position of chief
metallurgist, where he oversaw many strategic projects of the concentrator. Before joining SRG, Mr.
Beaudoin worked as the concentrator superintendent also for Canadian Royalties Inc., overseeing
the operations, metallurgy, maintenance and power generation of the concentrator.
In conjunction with the appointment of Mr. Elias, Ms.
Kathleen Jones-Bartels
has resigned her
position as Corporate Secretary and will continue with the Company as Assistant Corporate
Secretary.
Mr. Elias has extensive experience in
West Africa
in both the mining and the energy sectors. Before
joining SRG, he served as General Counsel and Corporate Secretary of Windiga Energy Inc., a
Canadian-based independent power producer. Previously, Mr. Elias was Legal Counsel at SEMAFO
(TSX: SMF), a gold producer with significant presence in
West Africa
as well as with Gildan
Activewear, one of the world's largest vertically integrated manufacturers of apparel. Mr. Elias holds
a civil law degree and a common law degree from the
University of Ottawa
and is a member of the
Barreau du Québec since 2007.
In conjunction with the appointment of Mr. Charette, Ms.
Isabelle Gauthier
has resigned her position
as Chief Financial Officer effective
August 31, 2018
. The Company would like to thank Ms.
Isabelle
Gauthier
for her services since
January 2017
. In addition to his position as President and COO, Mr.
Ugo Landry Tolszczuk
will be taking on the role of acting CFO.
Mr. Charette completed his bachelor's degree in business administration and further continued his
studies in taxation at the HEC Montreal in 2004. Mr. Charette has been a member of the Ordre des
Comptables Agréés du Québec since 2006. He has worked in a financial role with mining companies
in
West Africa
since 2008, first as corporate controller with GoviEx Uranimum Inc. (TSXV: GXU) and
then for five years as CFO and secretary for WAI Capital Investments Corp. (TSXV: WAI). He has
over thirteen years of experience in financial management, financial reporting, taxation, budgeting,
forecasting and regulatory compliance for private and public companies within multiple jurisdictions.
The appointment of Mr. Labonté as General Manager of SRG Guinea brings to the team a wealth of
experience with regards to constructing and operating mines in
West Africa
. Mr. Labonté has over
40 years of mining experience including over 15 years at Kiena Mine, Placer Dome and a decade of
experience in
Africa
, most notably five years as General Manager of SEMAFO's flagship Mana mine
in
Burkina Faso
. There, Mr. Labonté oversaw the construction, start of operations and continuous
capacity building of the mine from the originally planned 2,500 tonnes per day plant to an 8,000
tonnes per day mine, as well as oversaw the operations of the mine for several years, including
managing over 500 employees.
Grant of Stock Options
The Company is pleased to announce that, pursuant to its Stock Option Plan and subject to
regulatory acceptance, it has granted an aggregate total of 2,285,000 incentive stock options to
certain directors, officers and consultants of the Company, subject to certain vesting provisions.
These options will be exercisable at a price of
$1.10
per common share and will expire on
August 8,
2028
.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola graphite deposit and the
Gogota cobalt-nickel-scandium deposit located in the Republic of
Guinea
,
West Africa
. SRG is
committed to operating in a socially, environmentally and ethically responsible manner.
For additional information, please visit SRG's website at
www.srggraphite.com
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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 and phrases or state that certain actions, events or results "may",
"could", "would" or "might". 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 and other risks and factors described or referred to in the sections
entitled "Risk Factors" in the Annual Information Form of the Company and the Amended Preliminary
Prospectus which will be available at
www.sedar.com
, all of which should be reviewed in conjunction
with the information found in this news release.
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 and no
material adverse change in mineral prices. 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 given 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 securities laws.
SOURCE
SRG Graphite
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%SEDAR: 00008697E
For further information:
Ugo Landry-Tolszczuk, Tel: +1 (514) 679-4196, Email:
[email protected]; Benoit La Salle, FCPA FCA, Tel: +1 (514) 951-4411, Email:
CO: SRG Graphite
CNW 11:23e 09-AUG-18