Orbite Comments on Recent Trading Activity
26 Mars 2014 - 10:23PM
Marketwired
Orbite Comments on Recent Trading Activity
MONTREAL, QUEBEC--(Marketwired - Mar 26, 2014) - Orbite Aluminae
Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"). Following
heavy and unusual trading that occurred late in the day today and
yesterday, Orbite confirms it is unaware of any undisclosed
material changes or corporate developments in its operations that
would account for the recent variations in share price or increased
trading volumes. A formal investigation request has been sent to
relevant regulatory authorities.
About Orbite
Orbite Aluminae Inc. is a Canadian cleantech company who's
innovative and proprietary processes are expected to produce
alumina and other high-value by-products, such as rare earth and
rare metal oxides, at one of the lowest costs in the industry, and
in a sustainable fashion, using feedstocks that include aluminous
clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is
currently finalizing its first commercial high-purity alumina (HPA)
production plant in Cap-Chat, Québec and has completed the basic
engineering for a proposed smelter-grade alumina (SGA) production
plant, which would use clay mined from its Grande-Vallée deposit.
The Corporation's intellectual property portfolio contains 15
intellectual property families, and the Corporation owns the
intellectual property rights to 11 patents and 57 pending patent
applications in 10 different countries and regions. The first
intellectual property family is patented in Canada, USA, Australia,
China, and Russia. The Company also operates a state of the art
technology development center in Laval, Québec, where its
technologies are developed and validated.
Forward-looking statements
Certain information contained in this document may include
"forward-looking information". Without limiting the foregoing,
forward-looking information may include statements regarding
projects, costs, objectives and future returns of the Corporation
or hypotheses underlying these items. In this document, words such
as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and
the negative form thereof are used to identify forward-looking
statements. Forward-looking statements should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or
by which, such future performance will be achieved. Forward-looking
statements and information are based on information available at
the time and/or the Corporation management's good-faith beliefs
with respect to future events and are subject to known or unknown
risks, uncertainties, assumptions and other unpredictable factors,
many of which are beyond the Corporation's control. These risks
uncertainties and assumptions include, but are not limited to,
those described in the section of the Management's Discussion and
Analysis (MD&A) entitled "Risk and Uncertainties" as filed on
November 14, 2013 on www.sedar.com.
The Corporation does not intend, nor does it undertake, any
obligation to update or revise any forward-looking information or
statements contained in this document to reflect subsequent
information, events or circumstances or otherwise, except as
required by applicable laws.
Investor Relations:TMX EQUICOMMark Lakmaaker, External Investor
Relations Consultant1-800-385-5451 ext.
248mlakmaaker@tmxequicom.comFor Media Inquiries:TMX EQUICOMShaun
Smith, External Media Relations Consultant1-800-385-5451, ext.
252ssmith@tmxequicom.com
Orbite Technologies (CE) (USOTC:EORBF)
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