August 28, 2009
U.S. Canadian Minerals on May 27th, June 3rd and June 9th, 2009, issued a series of press releases which disclosed, among other things, the company’s anticipated and subsequent receipt of a geological report which was formatted on Canadian National Instrument 43-101 (the “Report”). The geological report related to the company’s interests in the COD mine in Mojave County, Arizona. In the first two Press Releases the company suggested that the report was 43-101 compliant. In the June 9th 2009 Press Release the company affirmatively stated that the Report was not 43-101 compliant. The Report is not 43-101 compliant. As such, the company advises that it has received a recent updated geologic report only.
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