Nov 26 2015
Saint Jean Carbon Inc. ("Saint Jean" or the "Company"), a carbon sciences company engaged in the development of natural graphite properties and related carbon products, is pleased to announce that the company has received another grant from Natural Sciences and Engineering Research Council of Canada (NSERC).
The funds will be used to further the material knowledge of the Saint Jean Carbon ferromagnetic graphene. This research is the next step in the development of understanding where the material can be used in future applications, and provides a further understanding of the very unique properties contained in the ferromagnetic graphene.
Paul Ogilvie, CEO, commented: "We are very pleased to have the support once again from the NSERC. The funds provide us with a very special opportunity to work with top universities like Western University, and their bioengineering team. We look forward to working together on the next steps, and we hope to have results within a few weeks."
The company is presently working in two specific development areas: firstly, material engineering for lithium-ion batteries and, secondly, ferromagnetic graphene applications. The Company believes that both development areas offer a future with endless possibilities, as the need for specialized materials will be needed for newer technologies across many industries. We look forward to updating our shareholders as the projects progress.
In addition to the warrants exercised on (see press release October 29th 2015) The Company has also receipted $40,000 from an investor who has redeemed warrants for 800,000 common shares at a price of $0.05 for each common share. The warrants had an expiry date of December 30, 2015.
About Saint Jean
Saint Jean is a publicly traded carbon sciences company, with interest in graphite mining claims on five 100% Company-owned properties located in the province of Quebec in Canada. The five properties include the Walker property, a past producing mine, the Wallingford property, the St. Jovite property, East Miller and Clot property. For information on Saint Jean's other properties and the latest news, please visit the website: www.saintjeancarbon.com
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
Source: http://www.saintjeancarbon.com/