CCY

Ceylon Graphite Announces Update on Extension of Convertible Debentures

Retrieved on: 
Wednesday, November 22, 2023
TSX Venture Exchange, Convertible, Multilateral, Amendment, CYL, CCY, Warrant, Minority, OTC, Security (finance)

VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has amended the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018 in the aggregate principal amount of $2,000,000.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has amended the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018 in the aggregate principal amount of $2,000,000.
  • The Company has amended the conversion price of an aggregate principal amount of $1,750,000 of the 2018 Convertible Debentures (the “Extended 2018 Convertible Debentures”) to $0.15 per 2018 Debenture Share and amended the maturity date of the Extended 2018 Convertible Debentures to November 23, 2024 (the “Amendments”).
  • A total principal amount of $100,000 of the 2018 Convertible Debentures were not extended and mature on November 23, 2023.
  • The Company is currently evaluating options for the repayment of the 2018 Convertible Debentures which rank subordinate in payment priority to the senior secured convertible debentures issued by the Company on October 26, 2023.

Ceylon Graphite Announces Closing of $365,000 Convertible Debenture Financing and Extension of Convertible Debenture

Retrieved on: 
Friday, October 27, 2023
NOT, TSX Venture Exchange, Sale, Mining, Convertible, Multilateral, Debenture, Funding, FOR, Minority, MI, OTC, Warrant, News, CYL, CCY, OR, Offering, Indian stock exchange, FSE, Amendment, Security (finance)

VANCOUVER, British Columbia, Oct. 27, 2023 (GLOBE NEWSWIRE) --

Key Points: 
  • In addition, the Debentures are secured against all of the present and after acquired personal property of the Company.
  • The Company also announces that it expects to amend the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018.
  • The Company intends to amend the conversion price of the 2018 Convertible Debentures to $0.15 per 2018 Debenture Share and amend the maturity date of the 2018 Convertible Debentures to November 23, 2024 (the “Amendments”).
  • The Financing, Amendments and issuance of the Replacement Warrants are subject to the final approval of the TSX Venture Exchange.

Ceylon Graphite Announces Warrant Extension

Retrieved on: 
Thursday, October 19, 2023
FSE, TSX Venture Exchange, OTC, Warrant, CYL, CCY, Exercise, Security (finance)

VANCOUVER, British Columbia, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it intends to extend the exercise period for a total of 50,928,566 common share purchase warrants, all of which are exercisable at $0.15 per common share (collectively, the "Warrants").

Key Points: 
  • VANCOUVER, British Columbia, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it intends to extend the exercise period for a total of 50,928,566 common share purchase warrants, all of which are exercisable at $0.15 per common share (collectively, the "Warrants").
  • The Warrants were issued pursuant to a private placement that closed in tranches on October 22, 2020 (the “First Tranche”) and October 28, 2020 (the “Second Tranche”).
  • 30,163,566 Warrants were issued in the First Tranche with 500,000 Warrants having been exercised, leaving 29,663,566 First Tranche Warrants outstanding, and 21,265,000 Warrants were issued in the Second Tranche, all of which remain outstanding.
  • The Warrant extension is subject to acceptance by the TSX Venture Exchange.

Ceylon Graphite Announces Appointment of CFO and Debt Settlement

Retrieved on: 
Tuesday, September 12, 2023
MI, TSX Venture Exchange, FSE, CYL, Debt settlement, OTC, CCY, Debt, CFO, Knowledge, KPMG, Security (finance)

Ceylon would like to thank Mr. Abdiye for his past contributions and wishes him success in his future endeavours.

Key Points: 
  • Ceylon would like to thank Mr. Abdiye for his past contributions and wishes him success in his future endeavours.
  • The participation by the insiders in the Debt Settlement is considered a “related party transaction” as defined under Multilateral Instrument 61-101 ("MI 61-101").
  • The debt settlement with each related party was unanimously approved by the Company's independent directors.
  • The Company will file a material change report in connection with the Debt Settlement but likely not before 21 days prior to the closing of the Debt Settlement, which the Company deems reasonable in the circumstances so as to be able to close the Debt Settlement as expeditiously as possible.

Ceylon Graphite Enters Into Distribution Agreement with Advanced Performance Materials

Retrieved on: 
Wednesday, August 2, 2023
OTC, CYL, Graphite, Growth, Nuclear energy, FSE, APM, CCY, Aluminium

Vancouver, BC, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. ("Ceylon") (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce it has entered into a distribution agreement dated August 1, 2023, with Advanced Performance Materials LLC (“APM”), a materials and chemical technology specialist company.

Key Points: 
  • Vancouver, BC, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. ("Ceylon") (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce it has entered into a distribution agreement dated August 1, 2023, with Advanced Performance Materials LLC (“APM”), a materials and chemical technology specialist company.
  • “Ceylon’s graphite has performance characteristics that exceed those of other graphite suppliers”, said Jay Mondal, APM’s Chief Technology Officer.
  • The distribution agreement provides APM with preferred pricing and guaranteed supply if certain volume thresholds are maintained.
  • The distribution agreement is not exclusive and does not restrict Ceylon from any other sales or agreements related to its graphite.

Ceylon Graphite Delayed in Completion of Annual Filings

Retrieved on: 
Wednesday, August 2, 2023
Bank statement, Annual, FSE, SEC filing, CYL, Sri Lanka, OTC, CCY, CFO, Annual Filing Season Program, National Policy, Audit

Vancouver, BC, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. ("Ceylon" or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces today that it was not in a position to file its audited financial statements, CEO and CFO certifications, and management discussion and analysis (the “Annual Filings”) for the year ended March 31, 2023 on or before July 31, 2023.

Key Points: 
  • Vancouver, BC, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. ("Ceylon" or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces today that it was not in a position to file its audited financial statements, CEO and CFO certifications, and management discussion and analysis (the “Annual Filings”) for the year ended March 31, 2023 on or before July 31, 2023.
  • The Company currently anticipates being able to file the Annual Filings on or before August 14, 2023.
  • The Company has been late in the preparation of the Annual Filings due to a combination of factors including an unanticipated need for further information from the Company’s subsidiary to complete the Company’s annual audit.
  • The Company is working diligently with its auditor, Manning Elliott LLP, to complete the audit and does not expect to experience delays with future filings.

Ceylon Graphite Outperforms Other Graphite Materials in a Groundbreaking Graphene-based Sensing Platform for Chemical Analysis Study Conducted by Imperial College London

Retrieved on: 
Wednesday, July 19, 2023
Shift, Department of Engineering Science, University of Oxford, Trinity College, LPE, University, Paul Dirac, Engineering, Electronics, SLG, Royal Society, Centrifugation, FSE, Photonics, Raman, Research, Ink, CVD, Isopropyl alcohol, ID, OAS, VGS, Silicon dioxide, Doctorate, IPA, CYL, Literature, Solvent, FWHM, Senior lecturer, IPL, UV, Risk, Central Department of Chemistry, Tribhuvan University, CCY, PCB, PVP, OTC, Architecture, Computation, Silicon, FLG, PH, Sonication, Imperial College London, Carbon fibers, Security printing, Printed circuit board, Tanning (leather), Walther Nernst, Chemistry, Graphene

These results demonstrate the potential of high-quality graphite to empower the next generation of nanomaterial-based diagnostics for biological and chemical sensing.

Key Points: 
  • These results demonstrate the potential of high-quality graphite to empower the next generation of nanomaterial-based diagnostics for biological and chemical sensing.
  • Raman spectroscopy analysis of the functionalized graphene ink demonstrated results consistent with those observed in LPE graphene, indicating a low defect area.
  • The combination of these unique properties enabled the successful detection of pH using a Lab-on-PCB architecture for the first time.
  • This breakthrough in pH sensing utilizing the Lab-on-PCB platform demonstrates the potential of Ceylon-derived graphene in enabling advanced sensing technologies

Ceylon Graphite Garners New Sales Interest and Expands Discussions with Customer Targets

Retrieved on: 
Thursday, July 6, 2023
Graphite, Vein, Master of Philosophy, BSC, SL, FSE, Carbon, Sale, CYL, National instrument, Mining, CCY, OTC, News, Uranium mining, Doctor of Philosophy

“Although the company has not yet concluded any agreements for the sale of its graphite, interest has been received from customers in Asia, Europe and North America.

Key Points: 
  • “Although the company has not yet concluded any agreements for the sale of its graphite, interest has been received from customers in Asia, Europe and North America.
  • M1 graphite is predominantly above 95% carbon allowing for direct sales without further processing.
  • The company anticipates building a graphite processing plant at site to process the graphite to 99%+.
  • Test results published in March 2023 demonstrated that Ceylon Graphite’s vein graphite anode material exceeded comparable anodes made with industry standard commercial synthetic graphite.

Ceylon Graphite Hires New Chief Mining Manager to Initiate Commercial Production

Retrieved on: 
Wednesday, March 22, 2023
Talc, Graphite, DPRK, Master of Philosophy, BSC, SL, FSE, Sale, CYL, Coal, Gold, National instrument, Mining, Engineering, CCY, OTC, News, Safety, Uranium mining, Doctor of Philosophy

Vancouver, BC, March 22, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce the hiring of Klaus Leiders as Chief Mining Manager.

Key Points: 
  • Vancouver, BC, March 22, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce the hiring of Klaus Leiders as Chief Mining Manager.
  • His experience includes graphite, gold, lead/zinc, vanadinite, hard rock, coal, lignite, and industrial minerals: talc, dolomite, limestone.
  • Ceylon Graphite CEO, Sasha Jacob stated, “Klaus’ experience is a great complement to Ceylon Graphite’s resources and will be very valuable as commercial production commences in the near term and the company seeks to expand production volume rapidly.
  • Ceylon has previously announced agreements and licensing renewals as well as new corporate leadership which allow it to recommence focus on achieving production.

Ceylon Graphite Announces Approval of Amended and Restated Agreement For Acquisition of Sarcon Development

Retrieved on: 
Tuesday, March 7, 2023
OTC, TSX Venture Exchange, Vendor, CCY, Gianni A. Sarcone, FSE, CYL, Security (finance), Restatement

Vancouver, March 07, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that it has received approval from the TSX Venture Exchange (the “TSXV”) for the amended and restated agreement dated February 4, 2023, as amended on February 26, 2023 (the “Restated Agreement”) with a private vendor (the “Vendor”) based in Sri Lanka to amend and restate the terms of a purchase agreement dated September 12, 2012, as amended (the “Initial Agreement”), whereby the Company’s wholly owned subsidiary incorporated in Curacao, Plumbago Refining Corp BV (“Plumbago”), acquired Sarcon Development Pvt Ltd. (“Sarcon”).

Key Points: 
  • Vancouver, March 07, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that it has received approval from the TSX Venture Exchange (the “TSXV”) for the amended and restated agreement dated February 4, 2023, as amended on February 26, 2023 (the “Restated Agreement”) with a private vendor (the “Vendor”) based in Sri Lanka to amend and restate the terms of a purchase agreement dated September 12, 2012, as amended (the “Initial Agreement”), whereby the Company’s wholly owned subsidiary incorporated in Curacao, Plumbago Refining Corp BV (“Plumbago”), acquired Sarcon Development Pvt Ltd. (“Sarcon”).
  • Sarcon holds 116 high-grade graphite grids in the country of Sri Lanka, which grids represent the Company’s primary focus for exploration and development.
  • Under the Restated Agreement a cash payment of US$250,000 and a total amount of common shares of the Company equal to US$1,625,000 shall be issued to the Vendor upon meeting certain milestones as described in Restated Agreement.
  • Completion of the transactions contemplated by the Restated Agreement are subject to the satisfaction of customary conditions as described in the Restated Agreement.