Toronto, Ontario–(Newsfile Corp. – April 4, 2017) – CKR Carbon Corporation. (TSXV: CKR) (FSE: CB8) (“CKR” or the “Company”), a graphite development Company, and operator of the Aukam Vein graphite project in Namibia, is pleased to announce that Mr. Sheldon Inwentash will be joining the Board of Directors as Executive Chairman effective immediately.
Mr. Inwentash, a serial entrepreneur in the resource sector, is Chairman and CEO, of ThreeD Capital Inc., a Toronto based venture capital firm specializing in investments in junior resources, technology, and biotechnology markets. Mr. Inwentash brings more than 30 years of experience in the investment side of the resource industry to the Company. Through two decades leading Pinetree Capital, Mr. Inwentash created significant shareholder value through early investments in Queenston Mining (acquired by Osisko Mining Corp. for $550 million), Aurelian Resources (acquired by Kinross for $1.2 billion), and Gold Eagle Mines (acquired by Goldcorp for $1.5 billion) to name a few. In 2007, he was an Ontario finalist for the Ernst & Young Entrepreneur Of The Year Award. In 2012, Mr. Inwentash received an honorary degree, doctor of laws (LLD) from the University of Toronto for his valuable leadership as an entrepreneur, philanthropist and inspirational commitment to making a difference in the lives of children, youth and their families.
“We are very excited to have Sheldon join the CKR team. His vision and experience will be invaluable to the Company as we continue to advance the Aukam Graphite project. I look forward to working with Sheldon and welcome him to our Board” said Roger Moss, Chief Executive Officer.
The company has granted 4,650,000 options to directors (as to 3,400,000), officers (as to 750,000) and consultants (as to 500,000). The options are priced at $0.17 and have a 5 year term to April 4, 2022.