Nevada Clean Magnesium Reports BCSC Technical Disclosure Review
12 June 2014 - 3:05AM
Access Wire
VANCOUVER, BC /
ACCESSWIRE /
June 11, 2014 / Nevada
Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC
Pink Sheets: MLYFF) (the "Company" or "Nevada Clean") reports that
it was recently selected by the British Columbia Securities
Commission (the "BCSC") for a technical disclosure review. The
purpose of the review is to assess the Company's disclosure
practices and overall level of compliance. The BCSC has advised
that the Preliminary Economic Assessment and Technical Report of
the Tami-Mosi Magnesium Project dated Septemeber 15, 2011 (the
"Technical Report") does not comply with the requirements of
National Instrument 43-101 "Standards of Disclosure for Mineral
Projects" in certain areas and as a result the Company hereby
advises that readers are cautioned not to rely on the disclosure
contained in the Technical Report or on any information based upon
that Technical Report until the Company has resolved the comments
raised by the BCSC. The Company is currently in the process of
preparing an amended technical report and does not
anticipate any difficulty in addressing the comments raised by the
BCSC. The amended technical report will be posted on the Company's
SEDAR profile once complete.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward Looking Statements
Statements in this news release that are not
historical facts are forward-looking statements that are subject to
risks and uncertainties. Forward-looking statements in this news
release include that the Company intends to resolve the comments
raised by the BCSC, that it does not anticipate any difficulty in
addressing the comments raised by the BCSC and that it will file an
amended technical report on SEDAR when complete.
Actual results may differ materially from
those currently anticipated due to a number of factors, including
that the Company will be able to resolve the comments raised by the
BCSC and that the filing of an amended technical report will
resolve such comments. These forward-looking statements are made as
of the date of this news release and, except as required by
applicable laws, the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking
statements.
CONTACT INFORMATION:
Hanover|Elite
Kathy
Addison, Chief Operating Officer
Phone:
407-585-1080
Email: NVM@hanoverelite.com
SOURCE: Nevada Clean Magnesium, Inc.
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