VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2008) - Pacific Copper Corp. (the "Company") (OTCBB:PPFP) announced today that it has received a cease trade order (a "CTO") from the British Columbia Securities Commission (the "BCSC"), the effect of which is limited to the Province of British Columbia, Canada.
The CTO states that it was issued for not filing a technical report under Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") with respect to the Company's material copper oxide projects in Chile after the Company made public disclosures regarding such properties. The Company is now seeking legal advice in connection with this matter and expects to be in communication with the BCSC promptly in order to clarify the BCSC's position and determine how the Company will be able to come into compliance with the requirements of the BCSC.
The Company is a Delaware corporation with its shares of common stock registered under Section 12(g) of the United States Securities Exchange Act of 1934, as amended. The Company files annual, quarterly and periodic reports with the United States Securities and Exchange Commission (the "SEC") and has not historically filed reports in Canada.
Should you have any questions or comments, please do not hesitate to contact the Company or our Investor Relations people at the referenced numbers below.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" to the effect that certain events or conditions "may" or "will" occur. Any estimate of potential mineralized material is a forward looking statement. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made based upon information available to management, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, the uncertainties related to third-party reports that have not been confirmed by management or the Company, and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Pacific Copper Corp.
Hal Johnston
Investor Relations
1-877-306-7979
Pacific Copper Corp.
Mike Parker
Investor Relations
1-877-306-7979
Email: info@pacificcopper.com
