Corporate Update - Regulatory Matter
2013年10月20日 - 1:13AM
OTC Markets
608, 1199 West Pender
Street
Vancouver, BC V6E 2R1
Tel: (604)
687-0300 Fax: (604) 687-0151
www.passportpotash.com
PASSPORT POTASH INC.
(TSX.V ? PPI)
NEWS
RELEASE
Vancouver, B.C. - October 19,
2013.
Disclosure Clarification
As a result of a review
by the British Columbia Securities Commission (?BCSC?), we are
issuing the
following news release to clarify our disclosure.
Clarifying Disclosure
Non-compliant
disclosure of Preliminary Economic Assessment
(?PEA?)
In its news releases
and investor materials, the Company refers to the results of an
economic
evaluation, including NPV, based in part on inferred
resources. This disclosure is contrary to NI 43-101, as
it does not include the proximate cautionary language required by
section
2.3(3)(a) of NI 43-101. The Company
would like to make the following clarifications:
1.
The Company?s March 13, 2013 news release announcement of a
PEA result is not compliant with section 2.3(3) of NI 43-101, and
potentially
misleading, because it omits cautionary language required by
section 2.3(3)(a)
of NI 43-101. The Company would like to
clarify its statement by adding that the
preliminary economic assessment is preliminary in nature, and
includes inferred
mineral resources that are considered too speculative geologically
to have the
economic considerations applied to them that would enable them to
be
categorized as mineral reserves, and there is no certainty that the
preliminary
economic assessment will be realized.
2.
The
Company?s July 31, 2013 news release states that on the basis of
the PEA, the
project ?would still be economically viable? with a decrease in
prices by over
30%. Due to the preliminary nature of a
PEA, it is misleading to disclose or imply economic viability, and
at minimum a
pre-feasibility study (?PFS?) is necessary to confer economic
viability. Therefore, the Company retracts its statement
implying economic viability.
3.
The
Company?s April 2013 presentation ?Cultivating Global Growth?,
posted on its
website (the ?Corporate Presentation?), included disclosure issues
similar to
those discussed above, and the presentation has been revised
accordingly.
Non-compliant
disclosure of potential exploration
target.
The
project section of
the company?s website discloses an exploration target from the
November 1, 2011
SRK technical report. This disclosure is non-compliant because it
omits the
grade range required by section 2.3(2) of NI 43-101. The
Company retracts this statement and has
removed references to the statements from the SRK technical report
from its
website.
General
disclosure and filing issues
The
projects section
of the Company?s website had become significantly out-of-date, and
as a result may
have become misleading. The Company has
updated the projects section of its website.
Tim Henneberry,
P.Geol., Advisor, and a
Qualified Person as defined in National Instrument 43-101, has
reviewed and
approved the technical content of this news
release.
About the Holbrook Potash Project
Passport Potash Inc. is a publicly
traded corporation engaged in the exploration and development of
advanced
potash properties with its major focus on a previously explored
potash property
in Arizona. Passport has acquired a strategic position in the
Holbrook Basin
with land holdings encompassing over 127,000 acres. Passport has also entered
into a
joint exploration agreement with the Hopi Indian Tribe to work
toward
developing about 13,000 acres of contiguous privately held Hopi
land.
On
behalf of the Board of Directors
PASSPORT
POTASH INC.
Joshua
Bleak, President
Neither
TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this
release.
Contact:
Passport
Potash Inc.
Peter J. Kletas
Manager of Corporate Development
866-999-6251-Toll Free
peter@passportpotash.com
Passport
Potash Inc.
Clive Mostert
Corporate Communications
780-920-5044
cmostert@passportpotash.com
www.passportpotash.com
Safe
Harbor Statement
THIS
NEWS RELEASE CONTAINS
"FORWARD-LOOKING STATEMENTS". STATEMENTS IN THIS NEWS RELEASE
THAT
ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND
INCLUDE ANY
STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS
REGARDING THE
FUTURE.
EXCEPT
FOR THE HISTORICAL
INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS
RELEASE CONTAIN
FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND
UNCERTAINTIES
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY
FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH
STATEMENTS. STATEMENTS
THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE
PRECEDED BY,
FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE,"
"ANTICIPATE," "BELIEVE," "PLAN" OR
"EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS.
RISKS
AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO,
THE RISKS
ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE
RISKS SHOWN IN
THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K
OR FORM
10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION
REGARDING
THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE
REGULATORY APPROVAL
PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE
COMPANY'S
ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT
ACTIVITIES.
THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS
WILL SUCCEED
AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS.
THESE
FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS
RELEASE, AND
THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING
STATEMENTS, OR
TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE
PROJECTED IN
THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT
THE BELIEFS,
PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE
ARE
REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS,
EXPECTATIONS OR
INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL
OF THE INFORMATION
SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS
DISCLOSED IN THE
COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION.
THIS
NEWS RELEASE HAS BEEN PREPARED
BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS
CONTENTS.
NONE OF FINRA, THE SEC NOR THE BRITISH COLUMBIA SECURITIES
COMMISSION HAS
APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS
NEWS RELEASE
SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY
NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION
IN WHICH
SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO
REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
Peiport (PK) (USOTC:PPRTF)
過去 株価チャート
から 5 2024 まで 6 2024
Peiport (PK) (USOTC:PPRTF)
過去 株価チャート
から 6 2023 まで 6 2024