Great Lakes Graphite Announces its Results for the Third Quarter of 2017

Oct. 03, 2017 08:18AM PST

Great Lakes Graphite Inc. (“GLK” or the “Company”) (TSX VENTURE:GLK) (OTC PINK:GLKIF) (FRANKFURT:8GL) announces hereby its results for the third quarter 2017 ending on July 31, 2017. The Corporation generated revenues of $34,301 during the third quarter ended July 31, 2017 (the “3rd Quarter 2017”) compared to $33,959 as at July 31, 2016, which represents …

Great Lakes Graphite Inc. (“GLK” or the “Company”) (TSX VENTURE:GLK) (OTC PINK:GLKIF) (FRANKFURT:8GL) announces hereby its results for the third quarter 2017 ending on July 31, 2017.

The Corporation generated revenues of $34,301 during the third quarter ended July 31, 2017 (the “3rd Quarter 2017”) compared to $33,959 as at July 31, 2016, which represents a similar sales volume. For the nine month period ending on July 31, 2017, total sales were $284,162 compared to $33,959 for the same period in 2016, being an increase of approximately 736%.
The Corporation recorded an operating loss of $435,905 during the 3rd Quarter 2017 compared to an operating loss of $721,882 for the 3rd Quarter of 2016. For the nine month period ending on July 31, 2017, the Corporation recorded an operating loss of $1,613,722 compared to an operating loss of $1,829,186 for the nine month period ended July 31, 2016.

The common shares of Great Lakes Graphite Inc. are listed for trading on the TSX Venture Exchange.
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