Business & Finance
Business and Finance
Business and Finance
Fri, January 7, 2011
Thu, January 6, 2011 EmberClear Retracts Earlier Reserve Disclosure Pending Completion of National Instrument 43-101 Compliant Technical Report
CALGARY, Jan. 6 /CNW/ - EmberClear Corp. (TSXV: EMB) retracts the coal reserve estimates, including quantity and grade, previously disclosed in its earlier press release dated January 6, 2011. Such estimates were management estimates only, and were not prepared or disclosed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). It is anticipated that revised estimates will be provided upon completion of a NI 43-101 compliant technical report.
About EmberClear
EmberClear Corp. ("EmberClear") is a clean energy technology company developing energy projects around the world. EmberClear projects typically utilize advanced carbon based gasification, ultra-super critical, super-critical, circularized fluid bed, and post combustion carbon dioxide capture using various technologies in thermal chemistry acquired through exclusive and non-exclusive licenses. EmberClear also holds options and titled ownership to real estate and coal deposits. EmberClear intends to utilize additional technology licenses as needed to fully develop commercial scale energy projects. For more information please visit [ www.emberclear.com ].
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of the "safe harbour" provisions of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate," "continue," "estimate," "expect," "forecast," "may," "will," "project," "could," "plan," "intend," "should," "believe," "outlook," "potential," "target," "seek," "budget," "predict," "might" and similar words suggesting future events or future performance. All statements other than statements of historical fact may be forward-looking statements. In particular, this document contains forward-looking statements pertaining to the anticipated completion of a NI 43-101 compliant technical report and the provision of updated resource or reserve disclosure in connection therewith. With respect to forward-looking statements contained in this document, we have made assumptions regarding the existence of coal resources or reserves on EmberClear lands. Although we believe that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: the geological engineering findings; the quality and economic recovery of coal resources and reserves; regulation of industry; environmental, health and safety laws; and an inability to satisfy mine plan requirements. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
