VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 9, 2013) - Canada Carbon Inc. (TSX VENTURE:CCB) (the "Company") announces that it has entered into a mining claims purchase and transfer agreement (the "Agreement") with an arm's length Vendor ("Vendor") pursuant to which the Company will purchase 14 mining claims and 10 pending claims (collectively, the "Claims") contiguous to the Company's historic Miller Graphite Mine (the "Miller Property"). The Claims are located [80 kilometres ("km") west of Montréal near Grenville, Québec.] With this new land acquisition, the Miller Property will now cover 26.2 km2 of prospective graphite potential.
Pursuant to the Agreement, and subject to the prior approval of the TSX Venture Exchange, the Company has agreed to pay $25,000 in cash and to issue 250,000 common shares in the capital of the Company to the Vendor.
On Behalf of the Board of Directors
CANADA CARBON INC.
R. Bruce Duncan, CEO and Director
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
- Commodity Markets
- Company Earnings
- TSX Venture Exchange