Standard Graphite options Quebec graphite claims
VANCOUVER, BRITISH COLUMBIA–(Marketwire – April 4, 2012) – Standard Graphite Corp. (TSX VENTURE:SGH) (the "Company") is pleased to report that it has signed an option to acquire a 100% interest in 31 mining claims in Quebec. The mining claims are located in rusty graphitic gneisses similar to the ones in Fermont, Quebec.
The company has the option to earn a 100% interest in a graphite property from Hamish Ross (the "Vendor") by making the following payments and issuing the following common shares to the Vendor: (i) $5,000 and 50,000 common shares on receipt of the TSX Venture ("TSXV") acceptance of the Definitive Option Agreement; (ii) 100,000 common shares 4 months from signing the Definitive Option Agreement, and; (iii) 100,000 common shares 6 months from signing the Definitive Option Agreement. The agreement remains subject to acceptance by the TSXV. A finder's fee will be payable with respect to the transaction pursuant to the policies of the TSXV.
ON BEHALF OF THE BOARD
Chris Bogart, President & CEO
The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.
Neither the 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.