Eagle Graphite Incorporated

Eagle Graphite Incorporated

September 24, 2015 17:30 ET

Eagle Graphite Announces Appointment of New CFO and Stock Option Grants

TORONTO, ONTARIO--(Marketwired - Sept. 24, 2015) - Eagle Graphite Incorporated (TSX VENTURE:EGA)(FRANKFURT:NJGN) ("Eagle Graphite" or the "Company") is pleased to announce the appointment of Mr. Daryl Wood as Chief Financial Officer ("CFO") and Corporate Secretary, effective October 1, 2015. Mr. Wood replaces Mr. Dan Hamilton, who resigned effective September 30, 2015. Mr. Wood is a seasoned financial executive with more than 20 years' experience in senior financial roles, and is based in British Columbia. Mr. Hamilton has agreed to assist the Company during the transition of financial and accounting responsibilities to Mr. Wood and his team. The Company would like to thank Mr. Hamilton for his contributions as CFO of Eagle Graphite and its predecessor company, Amerix Precious Metals Corporation.

The Company also announces that a total of 21,261,000 options to purchase common shares of the Company have been granted to directors, officers, employees, and consultants at an exercise price of $0.055 per share, expiring on September 24, 2018. The grant is subject to regulatory approval.

About Eagle Graphite

Eagle Graphite Incorporated is an Ontario company that owns one of only two natural flake graphite production facilities in North America, located 35 kilometres west of the city of Nelson in British Columbia, Canada, and 70 kilometres north of the state of Washington, USA, known as the Black Crystal graphite quarry. The Company's shares are listed on the TSXV under the symbol "EGA" and on the Frankfurt Stock Exchange under the symbol "NJGN".

Cautionary Statements

Disclosure Regarding Forward-Looking Statements: This press release contains certain "forward-looking information" within the meaning of applicable securities legislation. Such information is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking information and accordingly, readers should not place undue reliance on such information. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. In evaluating forward-looking information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking information. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company or its securities, its financial or operating results, as applicable.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact Information