Paramax Resources is pleased to announce that Paramax and MEGA Graphite have closed the business combination previously announced on February 20, 2013 and May 10, 2013. In connection with the Transaction, Paramax has changed its name to Sabre Graphite Corp. and its shares are expected to commence trading on the TSX Venture Exchange under a new [...]
Paramax Resources is pleased to announce further details on the proposed transaction between the Corporation and MEGA Graphite, initially announced and described in Paramax's news release dated February 20, 2013. On May 8, 2013, Paramax entered into a business combination agreement with MEGA Graphite and 2369505 Ontario Inc., a recently [...]
Paramax Resources, is pleased to announce that it has entered into a letter of intent dated February 6, 2013, pursuant to which the Corporation, subject to entering into a definitive agreement, has agreed to acquire all of the issued and outstanding common shares of Mega Graphite by way of share exchange, merger, amalgamation, arrangement, or other [...]
MEGA Graphite announced today it has agreed to terminate the Uley Graphite Property acquisition with Strategic Energy Resources of Australia. The definitive agreement, which was signed in July, 2011, contemplated an IPO on the Toronto Stock Exchange, a CDN $70 million minimum valuation for the Uley Graphite Property, issuing 33% or more of the [...]
MEGA Graphite announced today it has received a National Instrument 43-101 report from Coffey Mining in Perth, Australia on the Uley Graphite Project, one of the largest graphite flake deposits in the world, located 23 kilometres south of Port Lincoln on the Eyre Peninsula in South Australia. The Uley graphite deposit, currently owned by [...]
MEGA Graphite, is pleased to announce that agreement has been reached with Strategic Energy Resources on the revised terms and adjusted timetable for acquisition of the Uley Graphite Mine by way of the previously announced Merger Implementation Deed). The Uley Graphite Mine is currently owned by Tarcoola Gold, a demerged subsidiary of the ASX [...]
MEGA Graphite, announced today that Paul Ogilvie, CEO of Mega Graphite Inc. has resigned his position as CEO and Director. Mr. Ogilvie feels that he has taken the company as far as he can and it is now time for the new management group to step in. "Over the last three years, I'm proud of the work we have accomplished, from developing world class [...]
MEGA Graphite, announced today it is on target for the end of the first quarter to have a stock exchange listing by way of an IPO. The process for a public listing is well underway and the proceeds of the offering will be used for increasing production capacity at the Uley Graphite Mine in Port Lincoln as well as developing its 4 other projects in [...]
MEGA Graphite announced today it has entered into a LOI with Bharat Poddar of Chotanagpur Graphite Industries, located in Jharkhand, India to create a new Joint Venture to mine, mill and produce purified graphite from CGI's properties, located in Eastern India in the Jharkhand Region. The LOI between MEGA and Bharat Poddar outlines a 51/49 [...]
MEGA Graphite announced today it has signed a definitive agreement, in the form of an Implementation Deed with Strategic Energy Resources (SER) of Australia. Under the terms of the agreement MEGA will acquire the Uley Graphite Project, located 23 kilometres south of Port Lincoln on the Eyre Peninsula in South Australia. "The acquisition further [...]
MEGA Graphite today announced the appointment of Richard Canny to its Board of Directors. "The expansion of MEGA Board of Directors ensures the company will continue to benefit from a diversity of experience and opinions. Richard brings to MEGA Graphite a wealth of global business development experience and knowledge of one of our key customer [...]
MEGA Graphite today announced the launch of their newly re-designed website megagraphite.com. This contemporary site is designed to facilitate easy navigation and serves as an information portal to elevate MEGA's global image. The site renders current and detailed content about the company and their value proposition to the market for current and [...]
