Northern Graphite announces that Mindesta has completed the previously announced distribution of Northern shares to its shareholders. Under the distribution, which was completed effective at the close of trading on January 25, 2012, Mindesta distributed a total of 9,413,581 Northern shares owned by it to its shareholders as a dividend-in-kind on [...]
Confirms production of exceptional large flake, high purity concentrate
OTTAWA, ONTARIO -- (Marketwire) -- 01/11/12 -- Northern Graphite Corporation (TSX VENTURE: NGC)(OTCQX: NGPHF) is pleased to announce positive pilot plant test results from its Bissett Creek Graphite Project. The pilot plant has confirmed the technical viability and operating performance of the Company's process plant design for the production of high purity, large flake graphite. Furthermore, results indicate that 50% of the graphite concentrate produced will be jumbo size, +48 mesh flake with a very high carbon content averaging 97.7% graphitic carbon ('Cg'). This is an exceptional product that will attract a premium price. The pilot plant test was designed, built and operated by SGS Minerals Services ('SGS') in Lakefield, Ontario.
Mindesta advises that the U.S. Financial Industry Regulatory Authority has not yet established an ex-dividend date for the previously announced distribution of a majority of the common shares of Northern Graphite Corp. which Mindesta owns. Any shareholders who sell Mindesta common shares after the January 5, 2012 record date but before the [...]
Northern Graphite announces that it has granted options to purchase an aggregate of 225,000 common shares to two senior officers of the Company pursuant to the stock option plan approved by the Company's shareholders on August 17, 2011. The options are exercisable, subject to vesting, at $0.80 per share until December 20, 2016. The Company [...]
Northern Graphite announces that to date, 6,211,415 of its outstanding warrants have been exercised early resulting in proceeds to the Company of $2,020,425. As a result, Northern now has 37,148,340 common shares, 5,504,156 warrants and 2,950,000 options outstanding. Most of the remaining warrants are exercisable at $0.35 until October 7, 2012 and [...]