By Cynthia Minh
Big North Graphite (TSXV: NRT) (the “Company” or “Big North”), entered into a Property Purchase Agreement on October 14, 2016 with Trio Resources (OTC: TRII) (“Trio”) to acquire its Duncan Kerr Property located in the Cobalt region of Northeastern Ontario, Canada.
As quoted in the press release:
Pursuant to the terms of the Purchase Agreement, Big North
Big North Graphite (TSX.V:NRT) has signed a Letter of Intent to acquire all of the assets and undertaking of the past producing Duncan Kerr Property and related production facilities and equipment located in the Cobalt region of Ontario, Canada.
According to the press release:
“With the global expansion of the lithium battery
Big North Graphite Corp. (TSXV:NRT) announced plans to complete a non-brokered private placement of up to 7,000,000 units priced at $0.07 per unit for gross proceeds of $490,000. The money will be put towards general working capital purposes.
Flinders Resources’ acquisition of Big North Graphite fell through last fall. However, Big North has by no means been inactive since then. Here President and CEO Spiro Kletas discusses what the company has been up to and why it’s dedicating all its resources to the El Tejon project.
Big North Graphite Corp. (TSXV:NRT) also announced that it’s put its amorphous graphite operation in Sonora, Mexico on hold.
Flinders said Thursday that it has terminated its agreement to acquire Big North, citing Big North’s failure “to satisfy the due diligence process” as its reason for doing so. Nevertheless, Spiro Kletas, Big North’s president, CEO and director, doesn’t seem shaken.
Tesla Motors dominated graphite headlines for much of 2014, and according to analyst Simon Moores, 2015 is likely to bring more of the same. Read on for a look back at the graphite market in 2014 and an overview of what to expect next year.
Big North Graphite (TSXV:NRT) announced that it had converted all debt associated with the $250,000 of unsecured convertible notes. The company also announced that it sold 260 tons of amorphous graphite from its project in Sonora, Mexico.
Big North Graphite (TSXV:NRT) and Flinders Resources (TSXV: FDR) have announced that the companies will further extend the due diligence period regarding their acquisition agreement to January 30, 2015. The entering into a definitive agreement to incorporate the terms of the binding letter has been extended to the same date.
Big North Graphite (TSXV:NRT) announced it had excercised its option to acquire a 100 percent interest in the Grand Lac du Nord graphite property in eastern Quebec from Zimtu Capital Corp. and three of its prospective partners. As part of the option, Big North previously issued an aggregate of 3
Big North Graphite (TSXV:NRT) and Flinders Resources Limited (TSXV:FDR) have agreed to extend the due diligence period to November 30 2014, further to a joint news release dated October 21 2014. The extension is necessary to allow for additional time to finalize key due diligence matters and to enter into
Flinders Resources Ltd. (TSXV:FDR) and Big North Graphite Corp. (TSXV:NRT) announced that they have agreed to extend to November 3, 2014 the due diligence period regarding their recently announced binding letter agreement.
Chris Berry published a report on Flinders Resources Ltd.’s (TSXV:FDR) proposed acquisition of Big North Graphite Corp. (TSXV:NRT), commenting that it “appears to be the spark necessary to ignite consolidation and eventually higher prices in the Energy Metals space.”
Spiro Kletas, president and CEO of Big North, explains why the move is beneficial for both companies.
Big North Graphite (TSXV:NRT), together with Flinders Resources Limited (TSXV:FDR) have entered a binding letter of intent whereby Flinders will acquire all issued and outstanding shares of Big North via a plan of arrangement under the Business Corporations Act of British Columbia. Big North will become a 100 percent owned