Great Lakes Graphite Bolsters Management Team With Key Hires
TORONTO, ONTARIO--(Marketwired - Jun 1, 2015) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK) (OTC PINK:GLKIF) (FRANKFURT:8GL) is pleased to announce the appointment of Robert Suttie as Chief Financial Officer and Jo-Anne Archibald as Corporate Secretary of the Company.
Mr. Suttie brings with him 20 years' experience in financial services, including twelve years in public accounting, specializing in management advisory, accounting, and financial disclosure. His public company experience includes financial reporting and advisory services, initial public offerings, business combinations and spin-out transactions. Robert has served as Chief Financial Officer to a number of companies listed on the TSX and TSX Venture exchanges, and is currently the Vice President of Marrelli Support Services Inc.
Jo-Anne Archibald, has over thirty years of corporate secretarial, investor relations and marketing experience and is currently the President of DSA Corporate Services Inc. a leading Canadian provider of corporate secretarial services for reporting issuers.
CEO Paul Gorman said, "The transition to commercial operations brings with it new requirements and expanded responsibilities that are associated with becoming a revenue-producing business. We are now at the point where we need in-house expertise that covers cross border transactions, order entry and other operational systems that are a requirement in this next phase.
With the appointment of Robert and Jo-Anne to the team, GLK has completed additional critical steps in its corporate and operational planning. Both individuals bring a breadth of experience in finance, transactions, marketing and governance knowledge. Their addition is an important stage in the Company's commitment of creating and delivering shareholder value."
In conjunction with these appointments the Company further announces that Paul Ankcorn has resigned as Chief Financial Officer and also as a Director of the Company and that John Siriunas has resigned as VP Exploration and Corporate Secretary.
About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company focussed on bringing carbon products to a well defined market through a vertically integrated supply chain.
As there is currently no significant graphite production in North America, Great Lakes Graphite has the ability to become one of the first domestic suppliers to a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace.
The Company through its Innovations Division is currently recommissioning an Ontario based Micronization Facility for re-start in late 2015 to achieve the following objectives:
- Establish a position in the upgraded graphite products market with North American customers.
- Create a competitive and disruptive advantage by leveraging existing assets.
- Pursue an accelerated timeline to cash flow and revenue by micronizing and upgrading flake graphite, enabled by supply agreements with current graphite producers.
The Lochaber Graphite Deposit is located just 30km east of Ottawa, in southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc.(TSXV:ELO) on the Summit-Gaber Cobalt property located in the La Grande Greenstone Belt in the Baie James region of Québec. Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 95,304,075 shares outstanding (139,012,966 fully diluted).
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.
Contact
Great Lakes Graphite Inc.
Paul Ferguson
Chief Marketing Officer
1-800-754-4510 x106
PFerguson@GreatLakesGraphite.com
Great Lakes Graphite Inc.
Paul Gorman
Chief Executive Officer
1-800-754-4510 x109
PGorman@GreatLakesGraphite.com