CKR Announces the Addition of Dr. Luisa Moreno to the Board
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2016) - CKR Carbon Corporation. (TSXV: CKR) (FSE: CB8) ("CKR" or the "Company"), is pleased to announce the addition of Dr. Luisa Moreno to the Board of Directors.
Dr. Moreno is Co-founder and Managing Partner of Toronto-based Tahuti Global, a successful Global Advisory and Consulting firm supplying services to government institutions, investment firms and companies in the mineral resource sector. She has been involved in industry metals, with a major focus on technology and energy metal companies, for many years and has published reports on rare earths and other critical metals. She has also been a guest speaker on television and at international conferences and has been quoted in newspapers and industry blogs. Dr. Moreno held positions as Senior Analyst, at Toronto based-investment banks and as an Investment Research Analyst at a global investment research firm. She holds a bachelor's degree and a master's degree in physics engineering, as well as a Ph.D. in materials and mechanics from Imperial College, London.
"We are very excited that Luisa has agreed to join the CKR Board. Her experience and knowledge of the critical metals industry will make her a valuable addition to the CKR team," said Roger Moss, CEO of CKR Carbon Corporation. "I look forward to working with Dr. Moreno as we continue to move CKR ahead in the graphite space."
Dr. Moreno, will replace Mr. John Masters who has resigned from the board. The Directors would like to thank Mr. Masters for his service to the company, over the past five and a half years and wish him well in his future endeavours.
The company also announces the grant of 300,000 options at a price of $0.075 for a period of five years to Dr. Moreno.
The technical content of this news release was approved by Roger Moss, Ph.D., P.Geo a qualified person as defined by National Instrument 43-101.
About the Aukam Project
CKR has, through a Farm Out Agreement with Next Graphite Inc. an option to acquire 63% of the Aukam graphite project by meeting certain milestones and making cash payments. It also has the option to buy an incremental 10% of Next's remaining interest in the License for a cash payment of US$185,000, subject to agreement by Next. To date, CKR has spent more than US$400,000 on the project and consequently earned a 23% interest.
The Aukam Graphite Project is located on 34,082.15 hectares in southern Namibia close to the port city of Luderitz. The property hosts three underground adits which were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 composite samples taken from the lower three dumps were assayed and averaged 42% Cg. While these composite samples were selected from a much larger screened sample of the dumps, they are not considered representative of the mineralization on the property as a whole.
CKR recently completed a bulk sampling program at Aukam, and has a letter of intent to sell the graphitic material produced during the program. CKR is currently undertaking studies to support an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.
About CKR Carbon Corporation
CKR Carbon Corporation is focused on high quality, natural graphite suitable for use in lithium-ion batteries, graphite foil and other value-added high growth technology applications. We only select projects requiring low capital and a short time to market. The company is listed on the TSX Venture Exchange under the symbol CKR and has 33.2 million shares outstanding.
For graphite product enquiries:
Arno Brand, Boswell Projects, +1 416-561-4095 firstname.lastname@example.org.
"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).