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Canada Lithium: Default Announcement Pursuant to National Policy 12-203
May. 02, 2011 07:41PM PST
Battery MetalsCanada Lithium Corp. (TSE:CLQ) reports that the Ontario Securities Commission has noted it in default of its continuous disclosure obligations under Ontario securities law.
Canada Lithium Corp. (TSX:CLQ) reports that the Ontario Securities Commission has noted it in default of its continuous disclosure obligations under Ontario securities law.
The press release is quoted as saying:
The Quebec Lithium Mine originally operated from 1955 to 1965 as an underground mine and processing plant that produced spodumene, lithium carbonate and lithium hydroxide monohydrate. In 1974, Surveyer, Nenninger et Chenevert Inc. (“SNC”) was contracted by Sullivan Mining Group to write a feasibility report on the rehabilitation of the former Quebec Lithium Mine. SNC calculated a historical reserve estimate of 15,736,938 tonnes grading 1.14% Li2O. This estimate is not compliant with NI 43-101 standards.
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