Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) announced today that the Company has filed on SEDAR an updated NI 43-101 technical report on the Company’s Pine Point property which addresses the concerns and technical deficiencies noted during a review by the British Columbia Securities Commission (“BCSC”) of the NI 43-101 technical report on the Company’s Pine Point property filed in September 2013. As a result of the filing of the updated technical report and updating of the web site to correct disclosure issues noted by the BCSC, the Company has requested that the BCSC remove Tamerlane from the Issuers in Default list.
As previously disclosed, the Company is currently operating under the Companies’ Creditors’ Arrangement Act (Canada) (“CCAA”), and a process is underway to restructure the Company.
“John L. Key”
For further information, please contact:
Tamerlane Ventures Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Concerning Forward-Looking Information
This press release contains projections and forward-looking information within the meaning of applicable securities laws that involve various risks and uncertainties regarding future events including: (i) that Tamerlane will be able to restructure its financial affairs; and (ii) the timing and duration of CCAA protection. No assurance can be given that any of the events anticipated by the forward-looking statements will occur as planned or at all, or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. Readers are cautioned that the foregoing factors are not exhaustive. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.