Pacific North West Capital Corp.

Published : September 10th, 2012

Announces Results of AGM and Change of Director

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Keywords :   Canada | Copper | G Mexico | Jordan | Mexico | Nickel | Platinum | Recovery | Silver |
 
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Pacific North West Capital Corp. Announces Results of AGM and Change of Director


September 10, 2012, Vancouver, BC -- Pacific North West Capital Corp. (TSX: "PFN"; OTCQX: PAWEF; Frankfurt: P7J) is pleased to announce the results of the 2012 Annual General Meeting (the "AGM") held September 6, 2012 at the Company's executive offices in Vancouver, B.C.

At the AGM, James Stafford Chartered Accountants Inc. was re-appointed as the Company's auditors. The approval of investments in other companies at the discretion of Management was further approved by the shareholders. The number of directors was set at five and the shareholders voted in favour of electing the Company's nominees as directors: Harry Barr, Linda Holmes, John Londry, Jordan Point and Dennis Hop.

In light of being nominated and subsequently appointed as a director of the Company at the AGM, the Board of Directors further announce Dennis Hop's decision to resign as a director of the Company. The Board wishes to thank Mr. Hop for his services as he has been a valuable member and played an important role to the Company. The Board and Company management wish him success in his future endeavors.

Further to Mr. Hop's resignation, the Company's Directors are pleased to announce Mr. Michael Neumann P. Eng. has been appointed to its Board of Directors at the Directors Meeting held immediately following the Company's 2012 AGM.

Mr. Neumann brings significant experience in the mining arena and has been Proprietor of Neumann Engineering and Mining Services, Inc. since 1993 providing international engineering services focusing primarily on underground hard rock engineering facets such as mine design, productivity improvements, rock mechanics, second opinions, peer reviews and other types of studies.
Mr. Neumann is a graduate of Haileybury School of Mines and Michigan Technological University (Mining Engineering Degree) a member of the Canadian Institute of Mining, the International Society of Rock Mechanics and the Association of Professional Engineers of Ontario. Concurrent with his current position, from 2003 to 2006, Mr. Neumann was Director and Chief Operating Officer of Silver Eagle Mines Inc., (now Excellon Resources Inc.) a TSX listed Canadian-based silver exploration and development company focused on acquiring, exploring and developing high grade silver deposits among the silver mines in Mexico. Prior to this Mr. Neumann was Co- Founder and Director of the Engineering Seismology Group Inc. based in Kingston, Ontario. His early industry experience includes positions of Chief Engineer at Campbell Red Lake Mines and Underground Superintendent at Barrick's Holt McDermott Mine.

Mr. Harry Barr, Chairman and CEO states, "We are very pleased to welcome Michael Neumann to our Company's Board. His vast experience in mining will further enhance the strength of our Board."

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 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 North America. PFN also has PGM and nickel-copper projects and properties in northwest Ontario, Saskatchewan, and Alaska, and an option to joint venture a base metal project in northwestern BC's Golden Triangle region. The Company continues to evaluate PGM and nickel-copper properties and projects in North America for potential acquisition opportunities.

About River Valley Project

In January 2011, Pacific North West Capital Corp. successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited. The River Valley Project is one of the largest undeveloped primary PGM projects in North America. The project has excellent infrastructure support and is located 100 km from the city of Sudbury, Ontario, Canada's largest nickel-copper-PGM mining and metal recovery centre.

In May 2011, Pacific North West Capital Corp. commenced a $5 million drill program on the project. The program was successfully completed in May 2012. Data from 2011-2012 resource drilling was combined with holes drilled previously up to 2005, and delivered to Wardrop Engineering for a mineral resource update.

The NI43-101 compliant mineral resources for the River Valley Project effective May 1, 2012 are illustrated in Table below:

  • Mineral resources which are not mineral reseves do not have demonstrated econamic viability . The estimate of mineral resources may be materially effected by environmental, permitting legal, title, socio-political, marleting, or other relavent issues.

  • Please see Press Release dated May 1st 2012 for Notes to Mineral Resources

With these mineral resources, the River Valley Project is to be assessed for development potential as a large open pit PGM-Cu-Ni mining and milling operation as the project advances towards a Preliminary Economic Assessment Study. In support of this study, a metallurgical test program is in progress.

Qualified Persons Statement
This news release has been reviewed and approved for technical content by Ali Hassanalizadeh M.Sc. P.Geo. a qualified Person under the provisions of National Instrument 43-101.

On behalf of the Board of Directors

"Harry Barr"

Harry Barr
Chairman and CEO

 

For further Information, contact: Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: info@pfncapital.com, or visit www.pfncapital.com
650 - 555 West 12th Avenue, Vancouver, B.C., Canada, V5Z 3X7

Neither the TSX nor its Regulation Services Provider accepts 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.


This email should not be construed as an offer to buy or sell securities of Pacific North West Capital Corp.

 

Data and Statistics for these countries : Canada | Jordan | Mexico | All
Gold and Silver Prices for these countries : Canada | Jordan | Mexico | All

Pacific North West Capital Corp.

EXPLORATION STAGE
CODE : PFN.TO
ISIN : CA6949161070
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Pacific NorthWest is based in Canada.

Pacific NorthWest holds various exploration projects in Canada.

Its main exploration properties are NIXON FORK in USA and GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS and DESTINY GOLD in Canada.

Pacific NorthWest is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.3 millions, € 927 314).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.40, and its lowest recent point on January 13, 2014 at CA$ 0.02.

Pacific NorthWest has 91 619 461 shares outstanding.

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Corporate Presentations of Pacific North West Capital Corp.
2/25/2008-"Harry Barr Puts Pacific North West Capital At The Forefron...
Annual reports of Pacific North West Capital Corp.
2007 Annual Report
Financings of Pacific North West Capital Corp.
10/14/2011Announces $2,700,000 Non-Brokered Private Placement
7/18/2011Closes $2,550,750 Non-brokered Private Placement
7/13/2011Closes 1st Tranche Of Private Placement
7/5/2011- Non-Brokered Private Placement Oversubscribed
2/22/2011$3,000,000 Non-Brokered Private Placement
3/31/2008Closes $3,350,000 Private Placement
6/2/2007Closes Private Placement/Expands Institutional Shareholder B...
Nominations of Pacific North West Capital Corp.
9/7/2011Appoints New President & COO
9/3/2009Announces Appointment of Christopher Davies
2/23/2009Appoints John Londry to Board of Directors
11/18/2008John Londry, Vice President Exploration, Retires, Pacific No...
Project news of Pacific North West Capital Corp.
4/10/2013(River Valley)Reports Positive Platinum Metal Concentration Results for Ri...
11/6/2012(River Valley)Advancing PFN's 100% owned River Valley PGM deposit near Sud...
10/12/2012(River Valley)on Metallurgical Studies for River Valley PGM Project ne...
7/24/2012(River Valley)Commences Metallurgical Studies of its River Valley PGM Depo...
6/19/2012(River Valley)Announces a New Platinum Group Metal Zone on its River Valle...
6/15/2012(River Valley)Announces SEDAR Filing of NI 43-101 Mineral Resource Estimat...
5/1/2012North West Capital Announces 2.5 million ounces PGM+Gold Mea...
12/13/2011Stakes 220 square kilometres 10 km north of Lac des Iles Min...
12/8/2011(River Valley)Commences 2200 Metres Exploration Drill Program at River Val...
5/20/2011(River Valley)Announces 1.3 gt (0.04 opt), 3E* over 65m (213.3 feet) at th...
3/1/2011(River Valley)Announces 15,500 Metre Drill Program River Valley Platinum G...
10/15/2009(Destiny Gold)Commences Drilling on the Destiny Gold Project
8/5/2009(Raglan Hills)and First Nickel Announce New PGM Zone on Raglan Hills Joint...
6/29/2009(Nixon Fork)grants option to Fire River Gold on Nixon Fork Gold Mine, Al...
3/11/2009(Pgm A)Commences Drilling on the Fiedmont PGM Property, Quebec
11/26/2008(Chénéville)& SOQUEM Announce Completion of Drilling at the Ch=E9n=E9vil...
9/15/2008(West Timmins Project)Completes Deep Penetrating UTEM 3 Geophysical Survey Over We...
8/25/2008(Raglan Hills) Initiate Surface Mapping and Sampling Program on the Raglan...
6/26/2008(Raglan Hills)First Nickel Complete Airborne Geophysical Survey on Raglan ...
6/3/2008(Goodnews) Commence $1,000,000 Drill Program - Goodnews Platinum Proje...
5/5/2008(Pfn Davis-kelly)Ni-Cu-PGE Mineralization Discovered on PFN's Tonsina Propert...
4/1/2008(West Timmins Project)A Deep Penetrating UTEM Geophysical Program is Underway over...
3/11/2008(Coldwell)Pacific North West Capital Acquires New PGM Project in the C...
8/20/2007(West Timmins Project)Completes Phase One of Drill Program on West Timmins Propert...
Corporate news of Pacific North West Capital Corp.
1/9/2014Announces Voluntary TSX Delisting, TSX Venture Listing and 3...
10/24/2013Platinum Group Metals Update
7/25/2013Announces First Tranche Closing
11/2/2012letter
9/10/2012Announces Results of AGM and Change of Director
3/20/2012(River Valley)Announces High Grade PGM Results at Depth in Dana South Zone...
2/21/2012(River Valley)Completed the First Component of the Environmental Baselines...
1/10/2012(River Valley)Announces Additional High Grade PGM Results for its River Va...
1/9/2012Launches Online Investor Relations and Social Media Program ...
10/13/2011(River Valley)Excellent Drill Results Continue at Pacific North West Capit...
8/4/2011Reports Significant Rhodium Concentrations of Up To 0.17...
7/26/2011(River Valley)- PFN Reports On Geochemical Study for Predicting Five-E...
4/27/2011(Rock & Roll)New NI43-101 Resource on the Rock & Roll Gold-Silver-Polymet...
4/16/2011An Interview of Harry Barr, President of Pacific North West ...
3/15/2011Closes $3,000,000 Non-Brokered Private Placement
3/15/2011Closes $3,000,000 Non-Brokered Private Placement
9/1/2009Acquires Option on Destiny Gold Project, Québec
8/19/2009Option to Acquire 100% of Rock & Roll Property, British Colu...
12/22/2008President's Message
12/18/2008Announces Option to Acquire The Nixon Fork Gold Mine in Cent...
12/16/2008Options Fiedmont Platinum Group Metals (PGM) Property
11/27/2008Visit Pacific North West Capital at the 2008 Hard Assets Inv...
11/19/2008and Benton Resources Corp. Announce Drill Results from the S...
9/30/2008and Benton Resources Commence Drill Program on Heenan Proper...
9/8/2008 Thunder Target Update
9/3/2008"Major producer teams up with junior to explore Southwest Al...
7/3/2008Benton Resources Complete Helicopter-borne Magnetic and VTEM...
4/18/2008 Completes VTEM Geophysical Survey Over Nickel Plats Project...
4/7/2008 to Attend European Gold Forum
2/27/2008 & SOQUEM Agree to Phase III PGM Budget
12/17/2007President's Letter 2007
11/5/2007Phase 9B $525,000 Exploration Budget on River Valley, Valley...
10/11/2007Completes Phase III Acquisition Program, Nickel Plats Projec...
9/18/2007Acquires Three New PGM Projects, Coldwell Complex, Ontario
8/13/2007President's Message / 2007 Summer Update
6/28/2007announces Completion of Phase II Nickel Acquisition, Saskatc...
6/21/2007Joins Benton and Teck in Search for Nickel in Labrador
6/19/2007Nickelmuir Project Acquired, Timmins, Ontario - Aggressive N...
6/14/2007Phase I Nickel Acquisition Program Completed Saskatchewan, P...
5/16/2007Corp. (PFN.TSX) joins Golden Chalice Resources (GCR.TSX-V) i...
5/14/2007/ SOQUEM Acquires First Round of Platinum Group Metals Prope...
5/11/2007/ Xstrata Nickel commence drilling at West Timmins Nickel Pr...
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