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| Project: | Alces Lake | |
|---|---|---|
| Deposit: | Alces Lake | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 1/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2019: Appia Energy Corp. announces an Exploration/Drilling Update report for its Alces Lake deposit at the Alces Lake project. Appia announcescorrective disclosure in response to review by the Ontario Securities Commission. TORONTO, ONTARIO, January 9 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | TORONTO, ONTARIO, January 9, 2019 - Appia Energy Corp. (the “Company” or “Appia) (CSE: API, OTCQB: APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) wishes to announce that as a result of an issue oriented review of its continuous disclosure record by the Ontario Securities Commission (the “OSC”), the Company is issuing this news release to clarify certain disclosures made in its news releases, in its management discussion and analysis for the year ended September 30, 2017 (the “2017 Year-End MD&A”) and for the nine-month period ended June 30, 2018 (the “2018 Q3 MD&A”), on its website and in certain presentations filed on its website. The clarifications substantially relate to the noncompliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), section 2.3 (1) (d), by disclosing the grades of the total rare earth element (“TREE”) or total rare earth oxide (“TREO”) without disclosing the individual grades of the rare earth elements (“REEs”) or rare earth oxides (“REOs”) that make up the TREE or TREO grades reported. The news releases issued on March 5, 2018, May 7, 2018, June 11, 2018, June 26, 2018, August 2, 2018 and October 10, 2018 all disclosed TREE and TREO grades without providing the individual grades of the REEs and REOs. The table below provides clarifying disclosures made in respect of the individual REE and REO grades that make up the TREE and TREO grades previously reported. The news releases dated October 29, 2018, November 8, 2018 and November 26, 2018 (collectively the “ReFiled News Releases”) had links to tables of results which were posted on the Company’s website but the tables and information on the website were not filed on SEDAR. The three news releases are now being refiled on SEDAR and now include tables and figures within the Re-Filed News Releases. | |
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