PGM Ventures Corporation-Press Release.TORONTO -- PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition Ventures Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls ) - PGM Ventures Corporation ("PGM") has been requested by the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (the "Exchange") to issue the following press release. Accordingly, PGM announces the conclusion of an exhaustive review by the Exchange of the disclosure practices of PGM, particularly with respect to the requirements of National Instrument 43-101 ("NI 43-101"). The following two paragraphs set out the conclusions of the Exchange regarding their review. As a result of the review, PGM has been placed on "Notice to Comply with Exchange Requirements" and in regard to this matter the Exchange is not taking any further action against PGM at this time. However, PGM is now placed on notice to comply with all TSX Venture Exchange Requirements. Any further violation of Exchange Requirements may result in a review being commenced and further action being initiated by the Exchange against PGM and its' management, directors and officers. Further to this review, PGM has undertaken to satisfy the Exchange by taking the following measures: -PGM removed a paid banner advertisement from the Bull & Bear website that the Exchange determined was non-compliant pursuant to NI 43-101; -PGM issued an update press release on July 21, 2005 with respect to previous announcements made by PGM; -An individual who works with PGM's investor relations Investor relations The process by which the corporation communicates with its investors. provider has been required by the Exchange to cease participating in chatrooms or bullboards; -PGM failed to file four transactions with the Exchange for review and acceptance consisting of agreements with two investor relations firms for the provision of investor relations services to the Company, a promissory note promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. in the principle amount of $700,000 in favour of an unrelated party, and the sale of shares in Simberi Gold held by the Company. All of these transactions have been subsequently filed and press released as per the Exchange; -Mr. Peter Miller shall attend a corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. course acceptable to the Exchange by February 14, 2007, or resign from his positions within PGM; -PGM took its website offline due to certain non-compliant disclosure concerns regarding NI 43-101 communicated to it by the Exchange and has agreed to obtain Exchange approval prior to bringing the website back online; and -PGM ceased distribution of certain materials to shareholders and the public which the Exchange found non-compliant with NI 43-101, principally consisting of a corporate presentation. PGM is satisfied that the outcome of this review process has brought PGM fully inline with the requirements of NI 43-101, and PGM looks forward to continuing to be an exemplar ex·em·plar n. 1. One that is worthy of imitation; a model. See Synonyms at ideal. 2. One that is typical or representative; an example. 3. An ideal that serves as a pattern; an archetype. 4. of NI 43-101 disclosure practices. The Company has also adopted a formal corporate disclosure and insider trading policy pursuant to this review. In addition, PGM has, of its own initiative, begun implementing more exhaustive compliance procedures and has also retained the services of a Compliance Manager to assist it in this regard. PGM views these steps very positively. This press release includes certain "Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents unless otherwise noted. The TSX Venture Exchange Inc. does not accept responsibility for t he adequacy or accuracy of this release. PGM Ventures Corporation (TSX VENTURE:PPG) |
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