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Saint Jean Carbon Provides Operational Update for Solid
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UPDATE -- Saint Jean Carbon Provides Operational Update for
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Saint Jean Carbon Provides an Operational Update
May 11, 2021 08:52 ET | Source: Saint Jean Carbon Saint Jean Carbon
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL) is pleased to announce the following updates to its operations, and research and development initiatives.
Mining and Carbon Sciences
The company has signed a five-year lease for an 8800 square foot facility at 107 Manitou Drive Kitchener, Ontario commencing August 1
st 2021. The new location will be home to Saint Jean’s pilot plant to develop environmentally friendly and sustainable mineral separation processes for mining and carbon sciences customers. In this facility, Saint Jean will optimize the air classification techniques for various types of graphite ore bodies. The engineering work to optimize the air class
TSX Venture Tier 2 Company
Pursuant to a resolution passed by the shareholders of the Company on December 2, 2020, the Company has consolidated its capital on a fifteen (15) old shares for on (1) new share basis, and the name of the Company has been changed from Gold Rush Cariboo Corp. to Allied Copper Corp.
Effective at the opening of business on Friday, April 9, 2021, the common shares of Allied Copper Corp. will commence trading on the TSX Venture Exchange on a consolidated basis, and the common shares of Gold Rush Cariboo Corp. will be delisted.
The Company is classified as an All other metal ore mining issuer (NAICS Number: 212299).
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, April 08, 2021 (GLOBE NEWSWIRE) With reference to its prior news release dated February 10, 2021, March 12, 2021 and March 16, 2021, Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “TSX-V”) for the purchase from 2 arm’s length vendors of all of the issued and outstanding shares of Solid Ultrabattery Inc. (“SUB”), a private Ontario company involved in the research and development of solid state batteries (the “Acquisition”). Saint Jean intends to fund the purchase of all of the issued and outstanding shares of SUB by issuing 22 million common shares in the capital of the Company (the “Common Shares”) at a price of $0.06 per Common Share for a deemed aggregate purchase price of CAD $1,320,000.
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