CYL

Ceylon Graphite Announces Update on Extension of Convertible Debentures

Retrieved on: 
Wednesday, November 22, 2023

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.

Plutonic and Trident Mineral Resource & Ore Reserve Update

Retrieved on: 
Wednesday, December 6, 2023

The combination of the two is responsible for the improved operating performance of the mine

Key Points: 
  • The combination of the two is responsible for the improved operating performance of the mine
    PERTH, Australia, Dec. 6, 2023 /PRNewswire/ - Australian gold producer, Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to provide an updated Mineral Resource & Ore Reserve statement for its Plutonic Gold Mine, and an updated Mineral Resource for the Trident deposit.
  • The Mineral Resource & Ore Reserve sit within the existing mining footprint and do not include virgin zones.
  • The previously reported NI 43-101 Ore Reserves and Mineral Resources for the Plutonic Operations included satellite deposits such as Plutonic East, Plutonic West, Hermes and Perch.
  • The previously reported Plutonic Main open pit Mineral Resources have now been incorporated into the Plutonic underground Mineral Resource inventory.

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

Retrieved on: 
Friday, October 27, 2023

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

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.

Appointment of David Jones as Non-Executive Chairman

Retrieved on: 
Tuesday, October 3, 2023

Mr Jones replaces long serving Non-Executive Chairman, Steve Boston

Key Points: 
  • Mr Jones replaces long serving Non-Executive Chairman, Steve Boston
    The appointment of Mr Jones concludes the first phase of Catalyst's evolution post the consolidation of the Plutonic Gold Belt earlier in the year.
  • Mr Jones brings a unique set of skills that will support the recently announced new Catalyst management team
    PERTH, Australia, Oct. 3, 2023 /PRNewswire/ - Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to announce it has appointed David Jones AM as Non-Executive Chairman.
  • Mr Jones' appointment comes after long serving Non-Executive Chairman, Steve Boston, stepped down in August this year.
  • David Jones AM, said: "I'm delighted to be joining Catalyst at an exciting time for the business.

Plutonic Gold Belt, Western Australia - Catalyst resolves legacy Superior Gold dispute with Wolf Contracting

Retrieved on: 
Friday, September 29, 2023

Catalyst and Wolf Contracting have, together, resolved a legacy dispute

Key Points: 
  • Catalyst and Wolf Contracting have, together, resolved a legacy dispute
    PERTH, Australia, Sept. 29, 2023 /PRNewswire/ - Catalyst Metals Limited (Catalyst) (ASX: CYL) is pleased to announce that it has resolved a legacy dispute between Wolf Contracting and the previous owners of Plutonic Gold Mine, Superior Gold.
  • Catalyst's MD & CEO, James Champion de Crespigny, said: "We are very pleased to come to an agreement with Wolf.
  • We look forward to working with Wolf in the future as we develop the vast array of pipeline projects across the Plutonic Gold Belt."
  • Wolf Contracting Director's said: "Wolf Contracting would like to thank Catalyst and Mr Champion de Crespigny for recognising the high standard of work Wolf has provided to Plutonic Gold Project.

Catalyst assembles highly experienced management team

Retrieved on: 
Wednesday, September 20, 2023

Through this focus, gold production is expected to increase and costs to fall

Key Points: 
  • Through this focus, gold production is expected to increase and costs to fall
    PERTH, Australia, Sept. 20, 2023 /PRNewswire/ - Catalyst Metals Limited (Catalyst) (ASX: CYL) is pleased to announce the appointment of a new management team at the Plutonic Gold Operations (Plutonic).
  • This new team has assumed the key management roles at Plutonic.
  • All operations have challenges and a team of this calibre know how to manage and handle such challenges.
  • Catalyst also controls +75km of strike length immediately north of the +22Moz Bendigo goldfield and home to high-grade, greenfield resources at Four Eagles.

Ceylon Graphite Announces Appointment of CFO and Debt Settlement

Retrieved on: 
Tuesday, September 12, 2023

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

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

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.