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Great Lakes Graphite rebrands as NovoCarbon

Great Lakes Graphite Inc. outlined plans to rebrand as NovoCarbon Corp., with its shares expected to resume trading on the TSX Venture Exchange on May 17.

The company also created a U.S. subsidiary under the name NovoCarbon Inc., according to its May 16 news release.

Great Lakes Graphite proposed a name change to New Energy Metals & Minerals in February, but Darien Resource Development Corp. subsequently announced plans for a name change to New Energy Metals Corp., leading Great Lakes to choose a different name.

Additionally, the company signed a definitive agreement with Saint Jean Carbon Inc. to sell 100% of its Lochaber graphite property in Quebec, after agreeing on the terms of the deal in February.

Great Lakes Graphite will hold a special shareholder meeting to secure approval for various matters including a change of business due to the sale of Lochaber and a new strategy to source material rather than produce it itself.