TSX-V TRADING SYMBOL: CEC
VANCOUVER, May 21, 2013 /CNW/ - Compliance Energy Corporation ("Compliance" or the "Company) announces that its subsidiary, Compliance Coal Corporation, on behalf of itself and its joint venture partners, I-Comox Coal Inc. (a subsidiary of Itochu Corporation of Japan) and LG International Investments (Canada) Limited (a subsidiary of LG International Corp. of Korea) has received correspondence from the BC Environmental Assessment Office regarding the initial screening of its Application for an Environmental Assessment Certificate (the "Application") for the proposed Raven Underground Coal Project. This correspondence is available on the Government of British Columbia's Environmental Assessment Office ("EAO") website at www.eao.gov.bc.ca .
In its correspondence, the EAO has determined that at this stage the Application does not yet contain all of the required information set out in the Application Information Requirements ("AIR") and has decided not to accept the Application for detailed review at this time. The screening review is a scan of the Application for the purposes of determining whether the AIR have been met, and does not constitute an in depth review to determine whether or not issues have been addressed and resolved to EAO's satisfaction. Receipt of Application screening comments is typical and not unexpected after a first review. The Company and its consultants are in the process of reviewing the comments returned by the EAO and plan to provide clarification or additional information and then resubmit the Application for further review once the comments have been adequately addressed.
On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
Chief Executive Officer
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.
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, future mineral exploration activities, future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies. Often, but not always, forward-looking statements can be identified by the use of words such as "anticipates", "plans", "planning", "planned", "expected" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including the receipt of necessary regulatory approvals, that counterparties to material agreements will duly perform their obligations there under, the results of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of minerals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
SOURCE: Compliance Energy Corporation
For further information:
John Tapics, President and CEO at 604-689-0489 x 230