Great Lakes Graphite Inc. (formerly Shield Gold Inc.) to Trade as "GLK"
12:00 EDT Wednesday, May 14, 2014
theglobeandmail.com
Toronto, Ontario--(Newsfile Corp. - May 14, 2014) - Great Lakes Graphite Inc. (TSXV: GLK) (the "Company"),is pleased to announce that the Company's change of name from Shield Gold Inc. has been completed. As of tomorrow morning, Thursday, May 15, 2014, the Company will begin trading on the TSX Venture Exchange as "GLK", whereas the former symbol was "SHG". The name change to Great Lakes Graphite Inc. is the culmination of a process that has been underway now for the past two years. Over that time, the Company has reprioritized efforts to focus increasingly on the graphite property assets in its portfolio.
About Great Lakes Graphite Inc.: Great Lakes Graphite (formerly Shield Gold Inc.) is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite flake properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies. With the advancement of battery storage, mobile battery systems and alternative energy infrastructure, it is estimated that 20 new graphite flake mines will be required to keep up with worldwide demand by the year 2020.
As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high-quality flake graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company's graphite properties are located in the Buckingham and Lochaber Townships of southwestern Québec (Outaouais/ Gatineau). The Company has also entered into option and joint-venture agreements with Eloro Resources Inc. on the Summit-Gaber property located in the La Grande Greenstone Belt in the James Bay region of Québec. Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com .
Great Lakes Graphite Inc. will trade with symbol GLK on the TSX Venture Exchange and currently has 42,504,819 shares outstanding (61,638,982 fully diluted).
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
