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TGX TGX Energy and Resources Inc

0.065
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TGX Energy and Resources Inc TSXV:TGX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.065 0.05 0.065 30 12:02:12

True North Gems Concludes Successful Public Hearings

05/09/2013 4:37pm

Marketwired Canada


True North Gems Inc. (TGX: TSX-V) ("True North" or the "Company") is pleased to
announce the conclusion of the formal Greenland Government Public Hearings for
the Aappaluttoq Ruby Project, located in SW Greenland. 


"The Company is very pleased with the outcome of the Public Hearings and the
level of engagement shown in each of the communities visited," stated Nicholas
Houghton, President and CEO of True North Gems. "The meetings showed that the
Greenlandic public are highly aware of the Ruby project, and this awareness is
being transformed into a strong level of support in the communities. People are
eager for development and True North looks forward to advancing the Aappaluttoq
Ruby Mine to production and to create new jobs for Greenlanders."


The Public Hearings are an essential part of the overall Social Impact
Assessment (SIA) and the Environmental Impact Assessment (EIA) requirements to
obtain the requisite mining permits. The proceeding's are under the operation of
the Government of Greenland through the Bureau of Minerals and Petroleum (BMP).
Jens-Erik Kirkegaard, Minister for Industry and Minerals, and Miiti Lynge,
Minister for Housing, Nature, Environment and Nordic Cooperation led the
Greenland Government delegations in Qeqertarsuatsiaat, Paamiut, and Nuuk between
the 26th and 29th of August, 2013. Senior management from both True North Gems
and True North Gems Greenland participated, alongside various consultants and
experts.


The finalization of the Public Hearings and the closure of the EIA & SIA review
period on September 12th will enable the Company to review and address the
questions and concerns presented at both the formal Public Hearings, and at the
Company Information Meetings. The review process will result in a compilation
document classified as the 'White Book' illustrating solutions to the concerns
raised during consultations. This paper will form part of the foundation for the
final SIA, the final EIA and the upcoming Impact and Benefit Agreement (IBA)
discussions.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


Neither the 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. 


This document contains "forward-looking information" and "forward-looking
statements" (together, "forward-looking statements") within the meaning of
applicable securities legislation, which are made as of the date of this
document or the document(s) referred to herein. Statements that express
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects", "anticipates", "plans", "projects", "estimates", "intends",
"strategy", "goals", "objectives" or variations thereof or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be forward-looking
statements. Forward-looking statements include, without limitation, statements
with respect to: the amount of mineral reserves and mineral resources; the
amount of future production over any period; net present value and internal
rates of return of the proposed mining operation; capital costs; operating
costs; strip ratios and mining rates; and mine life. The forward-looking
statements are made based upon certain assumptions which, if untrue, could cause
the actual results, performances or achievements of the Company to be materially
different from future results, performances or achievements expressed or implied
by the forward-looking statements. 

These assumptions include, without limitation: the price of gemstone products
produced; anticipated costs; the presence of and continuity of gemstones at
modeled grades and values; the capacities of various machinery and equipment;
the availability of personnel, machinery and equipment at estimated prices;
exchange rates; appropriate discount rates; tax rates applicable to the proposed
mining operation; financing structure and costs; anticipated mining losses and
dilution; gemstone recovery rates; reasonable contingency requirements; and
receipt of regulatory approvals on acceptable terms. By their very nature,
forward-looking statements involve inherent risks and uncertainties that could
cause actual results, performances or achievements to differ materially from
those in the forward-looking statements. These include, without limitation:
price volatility, discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries, mining operational and
development risks, regulatory restrictions (including environmental regulatory
restrictions and liability), activities by governmental authorities (including
changes in taxation), currency fluctuations, the speculative nature of gemstone
exploration, the global economic climate, dilution, share price volatility,
competition, loss of key employees; additional funding requirements and
defective title to mineral claims or property). This list is not exhaustive. See
also, for example, the risks disclosed in the Company's other disclosure
documents filed at www.sedar.com, including, without limitation, those disclosed
in the Company's management's discussion & analysis. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking
statements, except as otherwise required by applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055


True North Gems Inc.
Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

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