Ceylon Graphite Announces Issuance of Shares
VANCOUVER, British Columbia, April 26, 2024 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it intends issue 548,999 common shares (collectively, the “Interest Shares”) in satisfaction of interest (the “Interest”) due on secured convertible debenture units of the Company (the “Debentures”).
- VANCOUVER, British Columbia, April 26, 2024 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it intends issue 548,999 common shares (collectively, the “Interest Shares”) in satisfaction of interest (the “Interest”) due on secured convertible debenture units of the Company (the “Debentures”).
- In accordance with the policies of the TSX Venture Exchange and the terms of the Debentures, the Interest Shares will be issued at a deemed price of $0.03 for an aggregate of 548,999 Interest Shares in satisfaction of the aggregate Interest.
- The Interest Shares will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange.
- The issuance of the Interest Shares remains subject to the acceptance of the TSX Venture Exchange.