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information technology system disruptions, damage or failures;
effects of proposed legislation on the mining industry and our business;
foreign currency fluctuations;
our executive officers, directors and consultants being engaged in other businesses;
costs associated with any unforeseen litigation;
enforcement of civil liabilities in the United States and elsewhere;
our common shares continuing not to pay cash dividends;
our securities, including in relation to both company performance and general security market
conditions;
the OTCQB standards and the “penny stock” rules;
tax consequences to U.S. shareholders related to our potential status as a “passive foreign investment
company”;
risk factors discussed in this Annual Report; and
other factors, many of which are beyond our control.
This list is not exhaustive of the factors that may affect our forward-looking statements. Some of the important risks
and uncertainties that could affect forward-looking statements are described further under the section headings
“Item 1. Business,” “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations” of this Annual Report. Although we have attempted to identify important
factors that could cause actual results to differ materially from those described in forward-looking statements, there
may be other factors that cause results not to be as anticipated, estimated or intended. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary,
possibly materially, from those anticipated, believed, estimated or expected. We caution readers not to place undue
reliance on any such forward-looking statements, which speak only as of the date made. Except as required by law,
we disclaim any obligation to revise any forward-looking statements to reflect events or circumstances after the date
of such statements or to reflect the occurrence of anticipated or unanticipated events.
We qualify all of the
forward-looking statements contained in this Annual Report by the foregoing cautionary statements.
GLOSSARY OF TERMS
Conversion Factors and Abbreviations
All units in this Annual Report are stated in metric measurements unless otherwise noted. For ease of
reference, the following conversion factors are provided:
To Convert Imperial Measurement Units
To Metric Measurement Units
Multiply by
Acres
Hectares
0.4047
Feet
Meters
0.3048
Miles
Kilometers
1.6093
Tons (short)
Tonnes
0.9071
Gallons
Liters
3.7850
We report our mineralized material to meet the Canadian reporting requirements for disclosure of
information regarding mineral properties, which are governed by National Instrument 43-101 (“NI 43-101”). The
definitions of the various categories of mineral reserves and mineral resources in NI 43-101 have the meanings
given by the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) as the CIM Definition Standards on
Mineral Resources and Mineral Reserves adopted by the CIM Council. U.S. reporting requirements for disclosure
of information regarding mineral properties are governed by U.S. Securities and Exchange Commission Industry
Guide 7. The Canadian and U.S. reporting standards have similar goals in terms of conveying an appropriate level
of confidence in the disclosures being reported but embody differing approaches and definitions. Although certain
terms describing mineralized material are recognized and required by Canadian regulations under NI 43-101, the