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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (11212)	5/12/2006 6:10:34 PM
From: 4C	Read Replies (1) \| Respond to of 78416

koan, I was doing some DD on PPG.v, came across this press release below. Since I know you are a shareholder I was wondering if you had seen it. Besides the press release, the mine in Spain looks good and is going in production in Sept. 2006. Mine life of +10 years, with forecast production of 1.6 m.tpy. Annual Metal Output projection: Copper 25,000t, Zinc 50,000t, Lead 12,000t. "PGM Ventures Corporation-Press Release 16:00 EST Tuesday, March 14, 2006 TORONTO, ONTARIO--(CCNMatthews - March 14, 2006) - PGM Ventures Corporation (TSX VENTURE:PPG) - PGM Ventures Corporation ("PGM") has been requested by the TSX Venture Exchange (the "Exchange") to issue the following press release. Accordingly, PGM announces the conclusion of an exhaustive review by the Exchange of the disclosure practices of PGM, particularly with respect to the requirements of National Instrument 43-101 ("NI 43-101"). The following two paragraphs set out the conclusions of the Exchange regarding their review. As a result of the review, PGM has been placed on "Notice to Comply with Exchange Requirements" and in regard to this matter the Exchange is not taking any further action against PGM at this time. However, PGM is now placed on notice to comply with all TSX Venture Exchange Requirements. Any further violation of Exchange Requirements may result in a review being commenced and further action being initiated by the Exchange against PGM and its' management, directors and officers. Further to this review, PGM has undertaken to satisfy the Exchange by taking the following measures: -PGM removed a paid banner advertisement from the Bull & Bear website that the Exchange determined was non-compliant pursuant to NI 43-101; -PGM issued an update press release on July 21, 2005 with respect to previous announcements made by PGM; -An individual who works with PGM's investor relations provider has been required by the Exchange to cease participating in chatrooms or bullboards; -PGM failed to file four transactions with the Exchange for review and acceptance consisting of agreements with two investor relations firms for the provision of investor relations services to the Company, a promissory note in the principle amount of $700,000 in favour of an unrelated party, and the sale of shares in Simberi Gold held by the Company. All of these transactions have been subsequently filed and press released as per the Exchange; -Mr. Peter Miller shall attend a corporate governance course acceptable to the Exchange by February 14, 2007, or resign from his positions within PGM; -PGM took its website offline due to certain non-compliant disclosure concerns regarding NI 43-101 communicated to it by the Exchange and has agreed to obtain Exchange approval prior to bringing the website back online; and -PGM ceased distribution of certain materials to shareholders and the public which the Exchange found non-compliant with NI 43-101, principally consisting of a corporate presentation. PGM is satisfied that the outcome of this review process has brought PGM fully inline with the requirements of NI 43-101, and PGM looks forward to continuing to be an exemplar of NI 43-101 disclosure practices. The Company has also adopted a formal corporate disclosure and insider trading policy pursuant to this review. In addition, PGM has, of its own initiative, begun implementing more exhaustive compliance procedures and has also retained the services of a Compliance Manager to assist it in this regard. PGM views these steps very positively. "