VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/26/13 -- True North Gems Inc. (TSX VENTURE: TGX) ("True North" or the "Company") is pleased to confirm the dates announced by the Government of Greenland for the formal Public Hearings relating to the Aappaluttoq Ruby Project.
The Public Hearing meetings will be held on August 26th in Qeqertarsuatsiaat (Fiskenaesset), August 27th in Paamuit, and August 29th in Nuuk, Greenland.
"After the highly successful Company sponsored Information Meetings we look forward to starting the formal government sponsored Public Hearings and are enthusiastic to share the platform with the Bureau of Minerals and Petroleum ("BMP")," stated Nicholas Houghton, President and CEO of True North Gems "Our team encourages all stakeholders to attend and hope the constructive engagement from the local communities will achieve the high level experienced during the Information Meetings. We look forward to moving the Aappaluttoq project one step closer to construction. "
The Public Hearings form part of the Social Impact Assessment ("SIA") and the Environmental Impact Assessment ("EIA"), and are run by the Government of Greenland. The Minister of Industry and Minerals, and the Minister of the Environment will lead the Greenland Government delegation. Senior representatives from True North and LNS Greenland A/S together with key consultants will attend the Hearings. The BMP has engaged KompetenceKompagniet who will provide a moderator. The moderator will lead discussion and ensure all questions are answered. All meetings will commence at 7.00 pm local time and are located at the venues summarized below:
Date Community Location26th August Qeqertarsuatsiaat (Fiskenaesset) Forsamilingshus (Community Centre)27th August Paamuit Forsamilingshus (Community Centre)29th August Nuuk Katuaq (Cultural Centre)
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.
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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.
President and CEO