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Cameo Industries Issues Retraction of April 30, 2019 News Release
VANCOUVER, British Columbia , May 17, 2019 (GLOBE NEWSWIRE) -- Cameo Industries Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) ann
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":" VANCOUVER, British Columbia , May 17, 2019 (GLOBE NEWSWIRE) -- Cameo Industries Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosure. The Company hereby retracts its news release of April 30, 2019 news release titled “Cameo Engages JDS Energy & Mining to Conduct Comprehensive Assessment of Max Mill and Mine” in its entirety and intends to issue a news release in due course respecting disclosure concerning its property activities. The disclosure in the April 30, 2019 news release is being retracted because the news release refers to the results of a PEA on the Willa Property which does not comply with National Instrument 43-101. The Company has not yet completed a mineral resource estimate or PEA on the property. In addition, the news release inadvertently uses the word “ore”, which implies economic viability and treats the quantities as reserves; the Company does not have any reserves on its Willa deposit. The news release also was not prepared, supervised or reviewed by a qualified person. Readers should not rely on any of the disclosure in the news release. Qualified Person Harrison Cookenboo, Ph.D., P.Geo., is a qualified person as defined in National Instrument 43-101. He has reviewed and is responsible for the technical information in this news release. CAMEO INDUSTRIES CORP.“Akash Patel” For more information contact:(778) 549-6714 Or Email: [email protected] www.cameocobalt.com Reader AdvisoryThis news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration program and the expectations for the cobalt industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will ...