March 12, 2013, Oakville, ON, Canada – Canada Carbon Inc. (formerly Bolero Resources Corp.) (the “Company” or “Canada Carbon”) (TSX-V: CCB), (FRANKFURT: U7N1) is pleased to announce that it has entered into an Exclusive Distribution Agreement (“Agreement”) between Canada Carbon Inc., and CGT Carbon GmbH (“CGT Carbon” or “CGT”), a German company. This gives Canada Carbon the exclusive right to market, distribute and sell any and all products in the territory of Canada, Mexico and New York, Pennsylvania, Ohio, Michigan, Illinois, Wisconsin, Massachusetts, Maryland, New Jersey and Indiana.
The term of the Agreement is ten years with an option to renew for two additional ten-year periods. This will give Canada Carbon the exclusive distribution rights to sell a number of very high quality graphite products including; carbon composites, foils and sheets, graphite felts, and a range of specialty compounds. The products are in turn used in a broad cross-section of industrial applications ranging from metallurgy and non-ferrous metal production to chemical industries, gas infiltration systems, reactor and vessel linings, heat exchangers, semi-conductor and photovoltaic applications.
Paul Ogilvie, CEO Canada Carbon commented: “The Agreement helps us further solidify our position as a carbon sciences company. This will bring us closer to graphite customers, and help generate revenue.”
Roland Hackl, President CGT Carbon comments: “We choose Canada Carbon because of their commitment to being 100% customer centric and their knowledge of the North American Graphite Industry. We feel even with the best quality products in the world, our partners must have relationships and the ability to understand the customers and their needs.”
Canada Carbon is committed to developing and expanding its role as a vertically integrated supplier across the graphite and carbon sector. This will include the exploration and development of its five wholly owned natural graphite properties in Ontario and Quebec; implementation of high-purity production strategies; research and development in leading edge technologies such as graphene refinement; and opportunities to represent and work with global manufacturers such as CGT Carbon.
As Mr. Ogilvie also commented: “The nature of the graphite sector requires an understanding not only of the traditional mine and milling elements, but also critical functional areas such as marketing, research and development, supply chain, and robust information technology systems. The chance to work with CGT will broaden our understanding of the business and provide us with access to CGT global market experience. Our obligation to CGT will be to do all that we can to increase and improve their market access in the regions we have agreed upon”. In the weeks ahead Canada Carbon’s sales team will be working closely with CGT’s engineering group in a training process to understand CGT’s products and markets. The Company will continue to provide new information on this program and others as it moves forward.
ABOUT CGT GmbH
CGT Carbon GmbH is a German corporation active in specialty areas of graphite application based on 30 years of experience and knowledge. CGT delivers graphite products in the areas of metallurgy, high-temperature sector, solar industry, process technology, tungsten carbide and other sectors in finished and semi-finished form. See more at http://www.cgt-carbon.com
ABOUT CANADA CARBON INC. (CCB – TSX.V)
Canada Carbon is a carbon sciences company – our goal is to be an efficient graphite mining and production company. We are trying to achieve this by deploying proprietary technologies in our post mining and pre-milling air classification systems, sound environmental policies, best practices companywide and employing the best people available to us. Together, our goals will be realized by being customer centric and using leading edge technologies.
Canada Carbon holds 100% interest in two graphite properties, The Asbury and The Maria Graphite Projects. The Asbury Mine, a past producing Asbury Graphite Mine property consists of two claims and is located approximately 10km northeast of Notre-Dame-du-Laus and about 120km north of the Ottawa-Gatineau area. The open pit mine and mill were in operation from 1980 to 1989 where a total of less than 70,000 tons were processed. The Maria Graphite Project consists of 38 mineral claims located in Maria Township, 17km south of the community of Bissett Creek on the Trans Canada Highway between the cities of Ottawa and North Bay, Ontario. These claims cover an area of approximately 2,000 hectares (4,940 acres) that surround and are contiguous to Northern Graphite’s Bissett Creek graphite deposit. Northern Graphite reported the extraction of very large high purity flake graphite consistent across the entire resource with overall recovery rates of 97%. (NGC.V News Release 23/04/2012).
Chief Executive Officer
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FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).