Cautionary Note Regarding Forward-Looking Statements
This website contains certain statements and information, referred to herein as "forward-looking statements", which constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws concerning the anticipated developments in our operations in future periods, our planned exploration and development activities, the adequacy of our financial resources and other events or conditions that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to 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", "assumes", "intends", "strategy", "goals", "objectives", "potential" 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 are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation:
- uncertainty of production at our mineral exploration properties;
- risks and uncertainties associated with new mining operations, including start-up delays and other operational issues;
- risks related to our ability to obtain adequate financing for our planned exploration and development activities;
- recent market events and conditions;
- risks related to general economic conditions;
- our history of losses and expectation of future losses;
- risks and uncertainties relating to the interpretation of drill results and the geology, grade and continuity of our mineral deposits;
- unpredictable risks and hazards related to the development and operation of a mine or mine property that are beyond our control;
- commodity price fluctuations;
- risks related to governmental regulations, including environmental regulations;
- risks related to delay or failure to obtain required permits, or non-compliance;
- increased costs and restrictions on operations due to compliance with environmental laws and regulations;
- risks related to reclamation activities on our properties;
- uncertainties related to title to our mineral properties;
- risks related to political instability and unexpected regulatory change;
- currency fluctuations;
- increased costs affecting the mining industry;
- increased competition in the mining industry for properties, qualified personnel and management;
- risks related to some of our directors' and officers' involvement with other natural resource companies; and
- our ability to maintain adequate internal control over financial reporting.
This list is not exhaustive of the factors that may affect any of our forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors. Our forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and we do not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.
Further information regarding these and other factors is included in our filings with Canadian provincial securities regulatory authorities (which may be viewed on the SEDAR web site).
Nothing on this website is either an offer to purchase, or a solicitation of an offer to sell, shares of the Company or any other entity. Nothing on this website is a solicitation of a proxy from a security holder of the Company or any other company. If a transaction is agreed upon, or an offer commenced, the Company will file a proxy circular/prospectus and any other relevant documents concerning the proposed transaction with the securities commissions in Canada. YOU ARE URGED TO READ ANY SUCH PROXY CIRCULAR/PROSPECTUS IF AND WHEN IT BECOMES AVAILABLE, AND ANY OTHER RELEVANT DOCUMENTS IF AND WHEN FILED WITH THE SECURITIES COMMISSIONS IN CANADA, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You will be able to obtain any such proxy circular/prospectus (if and when it becomes available) and any other documents filed with the securities commissions in Canada free of charge at the SEDAR website, www.sedar.com.
Cautionary Note to U.S. Investors
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all reserve and resource estimates contained or incorporated by reference in this web site have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining Metallurgy and Petroleum Classification System. These standards differ significantly from the requirements of the SEC, and reserve and resource information contained herein and incorporated by reference into this website may not be comparable to similar information disclosed by U.S. companies.
In this web site, we use the terms "measured", "indicated" and "inferred" resources. U.S. investors are cautioned that, while such terms are recognized and required by Canadian securities laws, the U.S. Securities and Exchange Commission ("SEC") does not recognize them. Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves.
U.S. investors should also understand that "inferred resources" have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the "inferred resources" will ever be upgraded to a higher category. Therefore, U.S. investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC only permits issuers to report "resources" as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained in this website, including the documents incorporated by reference therein, may not be comparable to information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.
NI 43-101 also permits an historical estimate made prior to the adoption of NI 43-101 that does not comply with NI 43-101 to be disclosed using the historical terminology if the disclosure: (a) identifies the source and date of the historical estimate; (b) comments on the relevance and reliability of the historical estimate; (c) states whether the historical estimate uses categories other than those prescribed by NI 43-101, and if so, includes an explanation of the differences; and (d) includes any more recent estimates or data available.
We have not independently verified the accuracy of the information regarding the mining industry and other market data set forth herein. This information is not intended to provide and should not be relied upon for accounting, legal or tax advice or investment recommendations. You should consult your own advisors as to the accounting, legal, tax, regulatory, business, financial and related aspects of making an investment in the Company.
Disclosure of Technical Information
The potential quantities and grades reported on exploration targets are based on drill results that define the approximate length, thickness, depth and grade of the target, but are considered conceptual in nature. It is uncertain if further exploration will result in the Company's uranium resources on its properties being expanded and developed into an economic deposit and exploration targets being delineated as a mineral resource.
Comparisons of the Company's uranium resources and exploration targets with other uranium deposits are conceptual in nature. There is no certainty that further exploration will result in the delineation of a similar mineral resource.
Mr. Ian Foreman, P. Geo., of Foremost Geological Consulting, is the qualified person under National Instrument 43-101 for the Macusani Plateau properties and has reviewed the scientific and technical information contained on this web site.
Mr. David Robert Young, B. Sc. (Hons), FGSSA, MSAIMM, FAusIMM, Pr Sci Nat (400989/83) of The Mineral Corporation, South Africa, an independent consultant to the Company, is a Qualified Person as defined under National Instrument 43-101, and has reviewed the scientific and technical information related to the March 2010 Colibri 2 and 3 findings.
The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject the Company to any requirement within such jurisdiction or country.
The content and information on this website is for informational purposes only and is not: (i) intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard; or (ii) an offer, solicitation, or recommendation to sell or buy any stock, bond or other financial instrument or any product or service.
The content and information on this website are provided "as is" and the Company makes no warranties, expressed or implied and disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or noninfringement of intellectual property or other violation of rights. The Company does not warrant or make any representations concerning the accuracy, completeness or reliability of the content or information of this website or otherwise relating to any content or information on any websites linked to this website. Facts and information provided on this website are believed to be accurate at the time they are posted, however the Company disclaims any and all liability for any failure to update any content or information on this website. This website could include inaccuracies, typographical errors, or out-of-date information and changes may be made at any time to the information on this website without prior notice. YOU ARE ADVISED TO USE THIS WEBSITE AT YOUR OWN RISK.
Limitation of Liability
The Company will not under any circumstances be liable to you for any loss of use, loss of production, loss of profits (anticipated or otherwise), loss of markets, economic loss, special, direct, indirect or consequential loss or damage or punitive damages, whether in contract, tort, or under other theory or law or equity, and regardless of any negligence by the Company or anyone for whom it is responsible, and notwithstanding that the Company may have been advised of the possibility of such loss or damages being incurred by you.
The Company advises investors that while the terms "measured resources", "indicated resources", and "inferred resources" are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them.
You agree to defend, indemnify and hold harmless the Company and its affiliates and subsidiaries, if any, and their respective directors, officers, employees and agents from and against all claims and expenses, including lawyers' fees, arising out of your use of this website.
Absent the use of encryption, the Internet is not a secure medium and privacy cannot be ensured. Internet e-mail is vulnerable to interception and forging. The Company cannot ensure the privacy and authenticity of any information or instructions you send to us or that we send to you over the Internet. The Company will not be responsible for any damages you may incur if you communicate confidential information to us over the Internet or if we communicate such information to you at your request.
Use of Links
When you click on any of the links within this website, you may or may not be leaving the Company website. The ability to link to other Internet sites and resources is provided by the Company strictly as a service to those accessing this website. The inclusion of the links in this website does not constitute an endorsement. Since the Company is not responsible for the availability or accuracy of these outside resources or their contents, interested parties should direct any concerns regarding an external link to its site administrator.
The Company does not represent or warrant that the use of this website, including the browsing and downloading of any content, will be free of viruses or other destructive or disruptive components and disclaims any liability for loss or damage caused by any virus or other destructive or disruptive component downloaded from this website. You are cautioned to install and use appropriate anti-virus or other protective software.
The Company and certain other names, words, titles, phrases, logos, icons, graphics or designs contained within the pages of this website may constitute trade names, registered or unregistered trade-marks or service marks (the "Trade Marks") of the Company or of third parties which are used herein under licence. However, the display of Trade Marks on any page of this website does not imply that any licence has been granted or obtained from any third party.
All content or information made available to you on this website is protected under applicable copyright laws. The Company grants to you a limited licence to display the content of this website on your computer and to print such content solely for your own personal, non-commercial use provided that you do not modify the content in any way or delete any proprietary notices. You may not otherwise copy, republish or reproduce any content or information in any manner, including electronic reproduction by "uploading" or "downloading", without the prior written consent of the Company.
Any unauthorized copying, republishing, reproduction or modification of any Trade Marks or other content or information of this website may be a violation of statutory or common law rights that would subject you to legal action.
Choice of Law and Dispute Resolution
The laws of the Province of Ontario, Canada and the applicable laws of Canada shall govern any claim relating to this website therein, without regard to its conflict of law provisions.
Termination of Website and Website Use