Fortune Graphite Inc. Clarifies Disclosure for Fortune Graphite Mineral Claims
07.11.2011 | Marketwire
TORONTO, 11/07/11 - As a result of a review by the British Columbia Securities Commission (BCSC), Fortune Graphite Inc. (FRANKFURT: ZTWN) is issuing the following press release to clarify disclosure of the fortune mineral claims.The BCSC has requested clarification in the disclosure of resource estimates on the company's webpage for the Fortune mineral claims.
This disclosure is not compliant with NI 43-101 regulations, as there has been no NI 43-101 report written for this property. In response, the company has removed any reference to the Fortune claims from its website.
The company is in the process of updating its website to include the Superior property for which there is a historical resource and a NI 43-101 report written for the property.
About Fortune Graphite Inc.
Fortune Graphite is a British Columbia Canada company that identifies and brings to market valuable mining properties bearing Graphite Carbon, Gold, Silver & other precious metals.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This press release is prepared for the sole purpose of public announcement of the organization of the Advisory Board of Fortune Graphite Inc. Certain information contained in this press release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements'. All statements, other than statements of historical fact, are forward-looking statements. The word 'intend' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. FORTUNE cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of FORTUNE to be materially different from FORTUNE's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. FORTUNE disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. This press release does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
Contacts:
Fortune Graphite Inc.
Mr. David Amar, President & CEO
416-367-8240 or Toll Free: 1-866-209-0451
416-367-8334 (FAX)
info@fortunegraphite.com
www.fortunegraphite.com