Ceylon Graphite Corp.

10:08 AM EST - Ceylon Graphite Corp. : Announced that it has signed a Memorandum of Understanding with the intent to enter into an exclusive global licence with Cambridge Advanced Materials Innovation Consultancy Ltd , an arm’s length party incorporated and registered in England. The Definitive License will relate to certain technology, know-how and related intellectual property of CAMI. The CAMI Technology includes an unpublished Great Britain patent application (application number 2101925) and other intellectual property, data, know-how, regulatory filings and other information. CAMI and Ceylon Graphite anticipate entering into the Definitive License within the next 21 days. Ceylon Graphite Corp. shares V.CYL are trading down 2 cents at $0.33.