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Apella Resources(CVE:APA, FRA:NWN) reports its re-release of its news posted on July 21st due to error on its assay results.
Apella Resources Inc. is, in this news release, re-releasing the assay results the Company disseminated on Wednesday July 21st, 2010 because one of the Canadian news disseminators Stockwatch changed the Company’s released assays substantially in error causing the assays […]
Apella Resources Inc. is, in this news release, re-releasing the assay results the Company disseminated on Wednesday July 21st, 2010 because one of the Canadian news disseminators Stockwatch changed the Company’s released assays substantially in error causing the assays to appear dramatically lower than they actually were.
The error by the news disseminator appears in the table of assay results in the July 21st release whereby the news disseminator incorrectly moved the decimal point in all of the assays two places to the left thus reducing all the values of the noted V2O5, Fe2O3, and TiO2 assays by a factor of 1/100th. This caused considerable confusion as to consistency of released assays and resulted in Apella fielding many shareholder calls for clarification. The assays in the table below are actually 100 times higher than those initially disseminated by Stockwatch on July 21st, 2010.
For complete news release, click here.