GMR Clarification and Retraction of Technical D...
FOR IMMEDIATE RELEASE
CLARIFICATION AND RETRACTION OF TECHNICAL DISCLOSURE
TORONTO, ONTARIO-(November 14, 2013) GMR Global Mineral Resources Corp. (GXG
Markets: GMR) (the "Company") Announces that as a result of a review by staff
of the Ontario Securities Commission (the "OSC") we are issuing the following
news release regarding our disclosure on the Red Elephant property.
As per the news release issued on October 2nd, 2013, it was stated that "Mike
Linn P. Geo. is the Qualified Person who has reviewed technical data and
approved it for release."
Mike Linn, geologist is not registered as a professional geologist and is not a
qualified person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101") to review and approve the
technical data for release.
Under the requirements of NI 43-101, all written disclosure of scientific or
technical information by the Company must be prepared or approved by a
qualified person who is named in the disclosure along with their relationship
to the Company. The Company retracts the technical information in the October
2nd, 2013 news release and cautions investors that such information should not
be relied upon until a qualified person has approved the technical information.
At this time, the company does not have a qualified person for the technical
information. The company is actively searching for a Qualified Person as
defined by NI 43-101 to oversee, review and approve all technical data.
For Further Information Contact:
Dr. Claus Wagner-Bartak,
President and CEO
GMR Global Mineral Resources Corp.
260 Queen's Quay West #3104
Toronto, Ontario M5J 2N3 Canada
T: 866 209-0451, 416 367-0006
F: 416 367-8334
E:info@globalmineralresources.com
About GMR Global Mineral Resources Corp.
GMR Global Mineral Resources Corp. (GXG Markets: GMR) is a Canadian-based
resource company that primarily focuses on past-producing gold and silver
mining properties that were not fully exploited due to old technology or weak
precious metal prices. For additional information on the company and its
properties, please visit www.globalmineralresources.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain statements above constitute forward-looking statements with respect to
GMR Global Mineral Resources Corp. and affiliated companies. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
the companies to be materially different from any further results, performance
or achievements expressed or implied by such forward-looking statements.
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