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Saint Jean Carbon Inc. (SJL.V)

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  • GlobeNewswire

    Saint Jean Carbon Announces $200,000 Private Placement

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OAKVILLE, Ontario, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL is pleased to announce that it intends to complete a non-brokered private placement financing of up to 8,000,000 Units (the “Units”) at a price of $0.025 per Unit for gross proceeds of up to $200,000 (the “Offering”).  Each Unit will consist of one (1) common share in the capital of the Company and one (1) common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire one (1) additional common share in the capital of the Company (each a “Warrant Share”) at an exercise price of $0.05 per Warrant Share for a period of 36 months from the date of issuance.  All securities issued as part of the Offering will be subject to a four month and one (1) day hold period.  The Company intends to use the proceeds of the Units to preserve the Company’s existing operations and for general corporate and administrative purposes.  The breakdown of the intended use of proceeds for the ensuing 6-month period is shown below:Outstanding payables$65,000.00 Continuing operations$75,000.00 Monthly recurring costs$42,000.00 Closing costs and AGM$18,000.00 Total Proceeds$200,000.00 Although the Company intends to use the proceeds of the Offering as described above, the actual allocation of net proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or opportunities.Closing of the Offering is subject to customary conditions and regulatory approvals including the approval of the TSX Venture Exchange (the “Exchange”).  The proposed Offering and pricing of the Units is in reliance upon the Exchange’s bulletin dated April 8, 2020 titled “Temporary Relief of $0.05 Minimum Pricing Requirements”.  The Company intends to close the Offering as soon as practicable.About Saint Jean CarbonSaint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining claims in the province of Quebec in Canada.  For the latest information on Saint Jean’s properties and news please refer to the website: .On behalf of the Board of Directors Saint Jean Carbon Inc. Paul Ogilvie, CEO and DirectorInformation Contact : Email: Tel: (905) 844-1200Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING STATEMENTS:  This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs.  In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, “intends” ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.  Such forward-looking statements include those with respect to: (i) the belief that the market would not support the acquisition at this time; and (ii) the date when the shares of the Company will commence trading.  These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct. There are risks which could affect Saint Jean’s future results and could cause the results to differ materially from those expressed in these forward-looking statements including closing failure or delay, the impact of general economic conditions in Canada and globally and the risk that they will deteriorate, industry conditions, including fluctuations in the price of supplies and the risk that they will increase, that required consents and approvals from regulatory authorities will not be obtained and the liabilities and risks inherent in Saint Jean’s operations.Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.All of the forward-looking statements made in this press release are qualified by these cautionary statements.  Readers are cautioned not to place undue reliance on such forward-looking statements.  Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

  • GlobeNewswire

    Saint Jean Carbon Resumes Trading Update

    OAKVILLE, Ontario, July 16, 2020 -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL) (OTCQB: TORVF), a carbon science company engaged in the design and build.

  • GlobeNewswire

    ASC alleges Saint Jean Carbon Inc. and Paul Anthony Ogilvie breached Alberta securities laws

    The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Saint Jean Carbon Inc. and its CEO, Paul Anthony Ogilvie (Ogilvie) made misleading statements that would reasonably be expected to have a significant effect on the market price or value of Saint Jean Carbon's securities. The misleading statements are alleged to have been made in two news releases issued in February and March 2017. On March 21, 2017, the ASC issued an Interim Order against the "reporting insiders," as that term is defined in section 1.1 of National Instrument 55-104 Insider Reporting Requirements and Exemptions, of Saint Jean Carbon Inc. The Interim Order prohibits all trading in the securities of Saint Jean Carbon Inc. by the reporting insiders.