Saint Jean Carbon Signs Definitive Agreement to Acquire Lochaber Property
Summary
OAKVILLE, Ontario, May 03, 2018 (GLOBE NEWSWIRE) -- With reference to its prior News Release dated February 23rd, 2018, Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL ) (OTCQB:TORVF), is pleased to announce that the Company entered into an arm’s length definitive agreement with Great Lake Graphite Inc. (the “Vendor”) to acquire a 100% ownership of the historical mining property known as the Lochaber claims located in South Western Quebec (the “Lochaber Property”) in the same general region as the Company’s other flag ship properties, subject to regulatory approval.Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada.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, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs.The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the acquisition of the Lochaber mining property, including regulatory approval, will be met and that the Company will be able to fund the required cash payments.Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.