Pacific North West Capital Corp. Adopts Advance Notice Policy
For Immediate Release NEWS RELEASE TSX: PFN OTCQX: PAWEF Frankfurt: P7J Toll Free 1.800.667.1870 www.pfncapital.com
Pacific North West Capital Corp. Adopts Advance Notice Policy
September 12, 2013 Vancouver, Canada – Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) (the “Company”) Board of Directors has approved and adopted an Advance Notice Policy (the "Policy") for the purpose of providing a clear framework for nominating directors of the Company which will facilitate an orderly and efficient process for nomination and election of directors at annual or special general meetings of shareholders. The Policy includes a process that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to a proposal or requisition of shareholders made in accordance with the Business Corporations Act (British Columbia). Among other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special general meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.
In the case of an annual general meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual general meeting; provided, however, that in the event that the annual general meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual general meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.
In the case of a special general meeting of shareholders (which is not also an annual general meeting) called for the purpose of electing directors (whether or not called for other purposes), notice to the Company must be made no later than the close of business on the 15th day following the day on which the first public announcement of the date of the special general meeting was made. The Policy provides that the Board of Directors may, in its sole discretion, waive any requirement of the Policy.
The Policy is in effect as at the date of this news release. Pursuant to the terms of the Policy, the Company intends to seek shareholder ratification of the Policy at PFN's next Annual General and Special Meeting (the “Meeting”) to be held on October 22, 2013. If the Policy is not confirmed at the Meeting, the Policy will terminate and be of no further force and effect following the termination of the Meeting. The full text of the Policy is available via SEDAR at www.sedar.com and on the Company’s website (www.pfncapital.com).
About Pacific North West Capital Corp.
PFN is a mineral exploration company whose philosophy is to be a project generator, explorer and project operator in order to option/joint venture its projects to partners for funding through to production. PFN is focused on the discovery, exploration and development of PGM and nickel‐copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company’s key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. River Valley is one of the largest undeveloped primary PGM projects in Canada. PFN also has PGM and nickel‐copper projects in Alaska. The Company continues to evaluate PGM and nickel‐copper properties and projects in North America for potential acquisition opportunities.
F Figure 1. Exploration targets for new h higher grade resources in n the footwal ll to the Rive er Valley Intru
usion. The p peak of the IP chargeability a anomalies (red outlined in white) plot to th he east of the main PGM min neralized zone e ($) on the b basal contact o of the intrusion
n. The anomalies represent u untested and u under tested d drill targets in the footwall, a adjacent to t the current PGM resources.
Ab bout River Valley Project
In January 2011 1, Pacific Nor rth West Cap pital Corp. suc ccessfully neg gotiated the 100% acquis sition of the River Valley PG GM Project fro om Anglo Pla atinum Limite ed. In May 20 011, Pacific N North West Ca apital Corp. c commenced a a $5 million ompleted in May 2012. The drilling data were drill program o on the project. The prog gram was successfully co com mbined with holes drilled previously an nd delivered t to Tetra Tech for a new mineral resourc ce estimation n.
The e NI43‐101 compliant min neral resources for the Riv ver Valley Pro oject effectiv ve May 1, 201 12 are listed in the table below. With 2.5 5 Moz Pd+Pt+ +Au in Measu ured and Indicated resour rces, the Rive er Valley Proj ject is one of f the largest undeveloped pr rimary PGM projects in Ca anada. The p project has ex xcellent infrastructure sup pport and is l located 100 km m from the city of Sudbury, , Ontario, Can nada’s largest t nickel‐coppe er‐PGM minin ng and processing centre.
mber 12, 2013 News Release Septem
| NI43‐101 Compliant Mineral Resource Estimate at cut‐off grade of 0.8 g/t PdEq effective May 1, 2012. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PdEq | ||||||||||
| Class | TONNES | Pd (g/t) | Pt (g/t) | Rh (g/t) | Au (g/t) | Ag (g/t) | Cu (%) | Ni (%) | Co (%) | |
| (g/t) | ||||||||||
| Total Measured | 25,584,850 | 0.63 | 0.23 | 0.022 | 0.04 | 0.55 | 0.06 | 0.02 | 0.003 | 1.46 |
| Total Indicated | 65,754,700 | 0.56 | 0.21 | 0.020 | 0.04 | 0.26 | 0.06 | 0.02 | 0.002 | 1.35 |
| Total Measured + Indicated | 91,339,550 | 0.58 | 0.22 | 0.021 | 0.04 | 0.34 | 0.06 | 0.02 | 0.002 | 1.38 |
| Total Inferred | 35,911,000 | 0.36 | 0.14 | 0.014 | 0.03 | 0.11 | 0.06 | 0.03 | 0.002 | 1.07 |
| Contained Metal Contents | Notes: • Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves • See www.pfncapital.com for more details and notes on the mineral resource estimation • Long‐term forecast prices (US$): $896/oz Pd, $1885/oz Pt, $1271/oz Au, $3.0/lb Cu, $9.7/lb Ni, $15.9/lb Co • Resource estimation based on 462 holes drilled at a sectional spacing of 25m to 100m on eight separate mineralized zones | |||||||||
| PGM+Au (oz) | PdEq (oz) | PtEq (oz) | AuEq (oz) | |||||||
| 742,130 | 1,168,450 | 555,400 | 823,710 | |||||||
| 1,720,900 | 2,774,470 | 1,318,800 | 1,955,900 | |||||||
| 2,463,060 | 3,942,910 | 1,847,200 | 2,779,610 | |||||||
| 614,500 | 1,201,000 | 571,000 | 847,000 |
With these mineral resources, the River Valley Project under assessment for development potential as an open pit PGM‐Cu‐Ni mining operation as the project advances towards a Preliminary Economic Assessment Study.
Qualified Persons Statement
This news release has been reviewed and approved for technical content by Dr. William Stone Ph.D., P.Geo. a Qualified Person under the provisions of National Instrument 43‐101.
Pacific North West Capital Corp. is an International Metals Group Company.
(www.internationalmetalsgroup.com)
On behalf of the Board of Directors
Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045 Harry Barr Email: [email protected], or visit www.pfncapital.com Suite 650 – 555 West 12th Ave., Vancouver, B.C., Canada, V5Z 3X7
Chairman and CEO
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward‐Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended. All statements, other than statements of historical fact, included herein are forward‐looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities &
Exchange Commission.