Northern Graphite Corp. (NGPHF: OTC Link) | Northern Graphite begins trading on OTCQX

Northern Graphite begins trading on OTCQX

Aug 25, 2011

OTC Disclosure News Service

Ottawa, ON, Canada –


NorthernGraphite begins trading on OTCQX

 

August 24, 2011 – Northern Graphite Corporation (NGC:TSXV, NGPHF:OTCQX) is pleased to announce that its shares will begin trading, effective immediately, on the OTC market’s highest and most prestigious tier, the OTCQX International.  The Company’s symbol is “NGPHF”.  Joining the OTCQX will provide Northern Graphite with greater visibility in US markets and will facilitate trading by US investors.

 

AboutNorthern Graphite Corporation

Northern Graphite Corporation (TSX-V:NGC) holds a 100% interest in the Bissett Creek graphite project which is located 17 kms from the Trans Canada highway between Ottawa and North Bay, Ontario. The Company is in the process of completing a bankable Final Feasibility Study and permitting with the objective of initiating construction, subject to the results of the study and the availability of financing, in the first part of 2012.

 

TheGraphite Market

Graphite prices have tripled in the last few years due to the ongoing modernization of China and other emerging economies which has resulted in strong demand from traditional steel and automotive markets. In addition, new applications such as lithium ion batteries, fuel cells and nuclear power have the potential to create significant incremental demand growth. However, production and exports from China, which produces 70% of the world’s graphite, are expected to decline andan export tax and a licensing system have been instituted. Both the European Union and the United States have declared graphite a supply critical mineral.

 

With few potential development projects on the horizon, the Company is well positioned to benefit from the continued improvement in graphite demand and prices. High growth, high value graphite applications require large flake and/or high purity graphite which will represent 100% of Bissett Creek production.

 

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.  ItsOTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  The wide spectrum of OTC-traded companies are categorized intothree tiers – OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink (the speculative tradingmarketplace) – so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

 

Additional information on Northern Graphite Corporation can be found under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.northerngraphite.com

 

For AdditionalInformation Please Contact:

 

Gregory Bowes, CEO (613) 241-9959

 

Don Baxter P.Eng, President (705)789-9706

 

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as”could”, “potential”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “likely”, “will” or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance onforward-looking statements.

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.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/NGPHF/news?id=34679

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