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As a result of a review by the British Columbia Securities Commission, Nortec issues the following news release to clarify our disclosure
(via Thenewswire.ca) Vancouver, B.C., November 6, 2012: Nortec Minerals Corp. (TSX-V: NVT),...
About this update from Nortec Minerals Corp
[{"type":"text","content":"\nAs a result of a review by the British Columbia Securities Commission, Nortec issues the following news release to clarify our disclosure\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., November 6, 2012: Nortec Minerals Corp. (TSX-V: NVT), (\"Nortec\" or the \"Company\") announces that in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, all non-compliant disclosure of historical resource estimates and forward looking statements regarding resource estimates have been removed from the Company's website and corporate fact sheet.\n\n \n \nNortec is in the process of modifying its Fact Sheets and Presentations to comply with 43-101 regulations. As such, these materials will no longer be present on Nortec's website until the documents meet NI 43-101 guidelines. \n\n \n \nNortec will be removing certain entries relating to the Seinajoki, Tammela and Kaatiala Project, as these do not meet the standards necessary. The Corporate Fact Sheet for Seinajoki did not meet section 2.3(1), regarding cautionary language. The Kaatiala Presentation, also did not meet the standards of this section. \n\n \n \nThe Corporate Presentation and project website for Tammela did not meet section 2.4, as both improperly disclosed Historical Estimates without providing the proper cautionary language. \n\n \n \nFurthermore, Nortec did not clearly designate the Qualified Person who approved or prepared the technical information that is being disclosed on the corporate website.\n\n \n \nIn the future, Nortec will ensure that all technical information meets National Instrument 43-101 requirements. \n\n \n \nMohan Vulimiri, M.Sc., P.Geo. is the Qualified Person responsible for the contents of this press release.\n\n \n \nAbout Nortec Minerals Corp.\n\n \n \nNortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Tammela Gold & Lithium Project in South-West Finland; an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinajoki Gold Property and Kaatiala Beryllium-Rare Earth Property in Western Finland; an undivided 80% interest in the Karhujupukka Property in Northern Finland. The Company has a minimum 51% interest with an option to earn 100% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, a...