EXPLORATION ORBITE V.S.P.A. INC.
TSX VENTURE EXCHANGE: ORT.A
MONTREAL, May 17 /CNW Telbec/ - At the request of the Canadian Venture
Exchange, Exploration Orbite V.S.P.A. Inc. (TSXV: ORT.A) announces it
is not aware of any undisclosed development that would account for the
unusual share trading on May 16, 2011.
Richard Boudreault, president and CEO of Orbite, commented "There is no
material change in the Company's operations or underlying fundamentals
that would explain the increase trading activity. Our business is going
according to our expectations and we assure investors that the recent
share price fluctuations are not related to any material change. I
am optimistic regarding the firm's future and very confident about its
Our policy is not to comment on rumours or speculation and accordingly,
we do not intend to comment further.
Orbite owns 100% of the exclusive mining rights on its 6,441-hectare
Grande-Vallée property, the site of an aluminous clay deposit located
32 km northeast of Murdochville, and a 28,000 sq. ft. facility in Cap
Chat, both in the Gaspé region. The latest NI 43-101 report issued has
identified an Indicated Resource of more than 1BT of aluminous clay in
part of the deposit. The Company also owns the intellectual property
rights to a unique Canada and U.S.-patented process for extracting
alumina from aluminous clays for which other international patents are
also pending. The Company has cash assets of more than $19 million at
Orbite is Thinking Outside the Bauxite
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE EXPLORATION ORBITE V.S.P.A. INC.
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