VANCOUVER, British Columbia, May 23, 2018 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) is pleased to announce it has completed a non-brokered private placement offering of units, at a purchase price of CDN$1.00 per Unit for aggregate gross proceeds of CDN$2,000,000 led by a strategic investment from Mr. Sasha Jacob. Each
Mr. Jacob is the Chairman & CEO of Jacob Capital Management Inc., an independent financial advisory firm focused on the renewable power and clean technology sectors. As the first investment banker in Canada in renewable energy, Mr. Jacob brings over 20 years of experience in the power sector, including founding and leading the power and infrastructure practice at a leading Canadian investment bank, as well as several years in senior political positions as Special Assistant to the Ontario Minister of Energy. He has managed over 100 transactions in the renewable sector, and has participated in financings valued at more than $10 billion. Mr. Jacob was recognized by Institutional Investor as one of the “5 Most Influential Emerging Players in Renewable Energy” globally.
Mr. Jacob holds a BA from Bishop’s University, MBA from Sir Wilfrid Laurier University and LLM from the University of Toronto. He was the recipient of the Laurier MBA Alumni 2009 Outstanding Executive Leadership Award and the Bishop’s University Top 10 After 10. Mr. Jacob serves on the Boards of several charitable organizations including past Vice Chairman of World Wildlife Fund (WWF Canada), Director of Plan International Canada Chair of the Board of Young Presidents’ Organization, YPO Maple Leaf Chapter and current Chair of Nature United, the Canadian arm of the world’s largest conservation organization, The Nature Conservancy.