Northern Graphite Appoints Vice President of Global Sales Completes Issuance of Shares in Payment for Advisory Fees
Northern Graphite Appoints Vice President of
Global Sales
Completes Issuance of Shares in Payment for Advisory Fees
Ottawa, Ontario--(Newsfile Corp. - August 2, 2022) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
") is pleased to announce
the appointment of Marco Zvanik B.Sc as Vice President of Global Sales. Marco has 35 years of sales,
management and operational experience in the composite material, carbon fiber, nanomaterial and wind
energy manufacturing industries. He has created, implemented and managed global commercial teams
for start-up, mid-cap and Fortune 500 companies with a focus on delivering value for both his customers
and their businesses.
Mr. Zvanik received his B.Sc degree in Ocean Engineering in 1986 from Texas
A&M University.
Mr. Zvanik will oversee all global commercial activities for Northern. Sales Managers in North America
and Europe will report to Marco with respect to marketing production from the Lac des Iles and
Namibian graphite mines and he will be intimately involved in developing new markets for value added
industrial products and lithium ion battery anode materials.
Marco Zvanik commented, "I am extremely excited to be joining Northern at this important time as we
implement our strategy to become the world's leading graphite producer and processor. By supporting
both current and future customers that require critical materials such as graphite, we will enable them to
transform new industries such as the lithium ion battery market for electric vehicles."
"Marco is exactly the person we were looking for in this role as we continue to grow and transform into a
world leading global graphite company," said Northern CEO Hugues Jacquemin. "By leveraging his
global experience, combined with a deep understanding of the specialty materials industry, he will make
a big difference for our customers and our company by helping to provide complete solutions to the
market."
The Company also announces that it has completed the
previously announced
issuance of 700,000
common shares of the Company to NINE58 Advisors ("NINE58"), an arm's length investment advisory
firm based in London, United Kingdom, at a deemed price of US$0.60 (approximately C$0.78) per
share as payment for US$420,000 (approximately C$546,000) in advisory fees owed to NINE58. The
common shares are subject to a four month hold period expiring November 28, 2022.
Payment of Advisory Fees
The Company also announces that it has completed the previously announced issuance of 700,000
common shares of the Company to NINE58 Advisors ("NINE58"), an arm's length investment advisory
firm based in London, United Kingdom, at a deemed price of US$0.60 (approximately C$0.78) per
share as payment for US$420,000 (approximately C$546,000) in advisory fees owed to NINE58. The
common shares are subject to a four month hold period expiring November 28, 2022.
About Northern Graphite
Northern is a Canadian, TSXV listed company that is focused on becoming a world leader in producing
natural graphite and upgrading it into high value products critical to the green economy including anode
material for LiBs/EVs, fuel cells and graphene, as well as advanced industrial technologies.
Northern is the only significant graphite producing company in North America and will become the third
largest outside of China when its Namibian operations come back online in the first half of 2023.
The
Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande in
Namibia, that will be a source of continued production growth in the future.
All projects have "battery
quality" graphite and are located close to infrastructure in politically stable countries.
For additional information
Please visit the Company's website at
http://www.northerngraphite.com/investors/presentation/
, the
Company's profile on
www.sedar.com,
our
Social Channels
listed below or contact the Company at
(613) 241-9959.
YouTube
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and information are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. Forward-looking statements in this release include statements regarding,
among others, the Company's intentions with respect to bringing its Namibian operations back on line
and to advancing its developments projects to production, and developing the capacity to
manufacture value added products. All such forward-looking statements are based on assumptions
and analyses made by management based on their experience and perception of historical trends,
current conditions and expected future developments, as well as other factors they believe are
appropriate in the circumstances. However, these statements are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
projected including, but not limited to unexpected changes in laws, rules or regulations, or their
enforcement by applicable authorities; the failure of other parties to perform as agreed; social or
labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and
the failure of ongoing and contemplated studies to deliver anticipated results or results that would
justify and support continued studies, development or operations. Readers are cautioned not to place
undue reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
Neither the 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.
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https://www.newsfilecorp.com/release/132470