Click here to close now.

SYS-CON MEDIA Authors: Dana Gardner, Elizabeth White, Jnan Dash, Kevin Jackson, Peter Silva

News Feed Item

Pinestar Gold Inc. Clarifies Technical Disclosure

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/01/13 -- Pinestar Gold Inc. (TSX VENTURE:PNS) ("Pinestar" or the "Company") reports that as a result of a review by the British Columbia Securities Commission, it is issuing this news release to clarify and retract certain technical disclosure published on the Company's website and to clarify that it does not endorse certain statements made about the Company in a business journal.

Company Website

Until recently, the Company's website, located at www.pinestargoldinc.com , contained out-of-date information regarding such matters as the Company's share capital structure and the current members of the board of directors. The Company has taken its website temporarily offline as it is in the process of updating the outdated information. The Company anticipates that its website will be made publicly available again shortly.

2011 Investor Presentation

The Company published on its website an investor presentation dated June 2011 (the "2011 Presentation"), relating to the Company's Becker property (the "Becker Property") located in Chile. The 2011 Presentation included disclosure about the Company's plans to complete further reconnaissance drilling in the third quarter of 2011. The Company did not proceed with further reconnaissance drilling, and retracts all statements contained in the 2011 Presentation regarding its future exploration plans on the Becker property. The 2011 Presentation also included a slide setting out the hypothetical cash flow of potential mineral production at the Becker Property (the "Hypothetical Cash Flow Projection"). The Company wishes to clarify that Hypothetical Cash Flow Projection was not based upon any mineral resource or reserve estimates or mining studies in respect of the Becker Property, and should not be relied upon. The Company retracts the Hypothetical Cash Flow Projection in its entirety, and retracts any other disclosure contained in the 2011 Presentation or disclosed elsewhere which suggests that there have been any NI 43-101 compliant mineral resource or reserve estimates or mining studies prepared in respect of the Becker Property. The Company clarifies that the Becker Property is an early-stage exploration property, and insufficient exploration work has been completed on the Becker Property at this stage to prepare an NI 43-101 compliant mineral resource or reserve estimate or a mining study.

The Company has removed the 2011 Presentation from its website.

CBJ Article

On March 1, 2012, the Company issued a press release announcing the execution of a letter agreement with Zimtu Capital Corp. ("Zimtu"), pursuant to which the Company acquired an option (the "Option") to acquire a package of 11 exploration-stage graphite properties located in Australia (the "Graphite Properties"). On May 11, 2012, the Company issued a news release announcing that following its due diligence review of the Graphite Properties, it had elected not to proceed with the exercise of the Option.

On April 5, 2012, the Canadian Business Journal published an article regarding the Company and the Graphite Properties which was based on information provided by the Company and Zimtu (the "CBJ Article"). The Graphite Acquisition Article contained overly promotional statements regarding the Graphite Properties and the Company, including a statement that a portion of the Graphite Properties were likely to be Western Australia's first commercial grade graphite mine, and a statement that the Company was "poised strategically as a major producer of graphite".

The Company wishes to clarify that the Company in no way endorses the CBJ Article or the statements contained therein. The Company wishes to re-confirm that the Company has terminated the Option, and holds no interest in the Graphite Properties, or any other graphite-bearing properties. As a result of the out-of-date information and overly promotional statements regarding the Company contained in the CBJ Article, the Company has requested that the Canadian Business Journal remove the CBJ Article from its website.

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Compa...
VoxImplant has announced full WebRTC support in the newest versions of its Android SDK and iOS SDK. The updated SDKs, which enable audio and video calls on mobile devices, are now compatible with the WebRTC standard to allow any mobile app to communicate with WebRTC-enabled browsers, including Google Chrome, Mozilla Firefox, Opera, and, when available, Microsoft Spartan. The WebRTC-updated SDKs represent VoxImplant's continued leadership in simplifying the development of real-time communication...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
PubNub on Wednesday released an open source template to allow developers to add Skype-like video chat into their apps. The free template provides a fully functional video chat platform using WebRTC, PubNub and Google Authentication for a global, reliable collaboration solution. “While the WebRTC protocol has created huge excitement as a way to deliver video chat ubiquitously, there’s still a gap between the protocol itself and the ability to deploy a working, globally scaled, collaboration appl...
SOASTA, the leader in performance analytics, today reported record growth of the CloudTest community, exceeding 30,000 registered users of the CloudTest platform in Q1 2015. SOASTA also announced widespread adoption of its Web and mobile testing solutions, with more than 1,600 customers completing more than 285,000 tests using CloudTest during the quarter. This rapid growth shows that DevOps-driven digital businesses are embracing a more continuous approach to testing, and CloudTest is meeting t...
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquir...
ProfitBricks has launched its new DevOps Central and REST API, along with support for three multi-cloud libraries and a Python SDK. This, combined with its already existing SOAP API and its new RESTful API, moves ProfitBricks into a position to better serve the DevOps community and provide the ability to automate cloud infrastructure in a multi-cloud world. Following this momentum, ProfitBricks has also introduced several libraries that enable developers to use their favorite language to code ...
Chef and Canonical announced a partnership to integrate and distribute Chef with Ubuntu. Canonical is integrating the Chef automation platform with Canonical's Machine-As-A-Service (MAAS), enabling users to automate the provisioning, configuration and deployment of bare metal compute resources in the data center. Canonical is packaging Chef 12 server in upcoming distributions of its Ubuntu open source operating system and will provide commercial support for Chef within its user base.
SYS-CON Events announced today that Optimal Design, an Internet of Things solution provider, will exhibit at SYS-CON's Internet of @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Optimal Design is an award winning product development firm offering industrial design and engineering services to the consumer, medical, and defense markets.
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists will discuss how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations m...
SYS-CON Events announced today that kintone has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. kintone promotes cloud-based workgroup productivity, transparency and profitability with a seamless collaboration space, build your own business applic...
SYS-CON Events announced today that Stratoscale, the new data center operating system, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Based in Herzeliya, Israel, Stratoscale is redefining the data center, developing a hardware-agnostic, software platform hyper-converging compute, storage and networking across the rack or data center. The self-optimizing platform automatically distributes all physical...
of cloud, colocation, managed services and disaster recovery solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. TierPoint, LLC, is a leading national provider of information technology and data center services, including cloud, colocation, disaster recovery and managed IT services, with corporate headquarters in St. Louis, MO. TierPoint was formed through the strategic combination of some of t...
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at 16th Cloud Expo, Haseeb Budhani, CEO and Co-founder of Soha, will share five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the frict...