Cautionary Statement Regarding Forward-Looking Statements
This website contains "forward-looking statements" or "forward-looking information" (hereinafter referred to together as "forward-looking statements") under applicable securities laws, which include all statements other than statements of historical fact.
Forward-looking statements include, but are not limited to, statements with respect to the future price of copper, gold and other metals; the estimation of mineral resources; the realization of mineral resource estimates; plans for establishing or expanding mineral resource estimates on the Company's projects; the timing and amount of estimated future production; the construction and delivery of the production support vessel (PSV); the fulfillment of the obligations under the Tongling sales agreement and the timing and sustainability of such arrangements; costs of production; capital expenditures; costs and timing of the development of the Seafloor Production Tools (SPTs) and related equipment; the Company’s SMS prospects (including Solwara 1) and new deposits; success of exploration and development activities; permitting time lines; requirements for additional capital; government regulation of seafloor exploration and development operations; the Company's financial position and business strategy; plans and objectives of management for future operations; the design and performance of the PSV and SPTs; and expected environmental impacts from the Company's planned seafloor mining operations. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Such forward-looking statements are current only as at the date when made and are based on numerous material assumptions (that management believes were reasonable at the time they are made) regarding the Company's present and future business strategies and the environment in which the Company will operate in the future, including the Company's continued compliance with regulatory requirements, the proposed mine plan and the estimated costs and availability of funding for the development of the Solwara 1 Project and the continued exploration of the Company's tenements. The Company has also assumed that market fundamentals will result in sustained copper and gold demand and prices; that the proposed development of its mineral projects will be viable operationally and economically and proceed as expected; and that the additional financing needed will be available on reasonable terms. With respect to the arrangement with MAC, the Company is assuming that the parties will observe their obligations, that the investigation into the cyber-attack will reach a timely conclusion and that MAC and the Company can agree how to proceed in relation to the payment of the deposit under the vessel charter agreement. Other assumptions are discussed throughout this website and in the AIF (in particular, under "Risk Factors").
As discussed in the AIF, the production decision for the Solwara 1 Project was not based on a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably due to the absence of a completed and detailed analysis as would be included in a feasibility study. There is significant risk with this approach and there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, the assumptions made may not prove to be correct or there may be unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Except as may be required by applicable laws, the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
The reader is cautioned not to place undue reliance on forward-looking statements.
Scientific and Technical Information – National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")
All scientific and technical information contained on this website has been reviewed and approved by Mr Mike Johnston, the President and CEO of the Company, who is a "qualified person" within the meaning of NI 43-101.
All mineral resource estimates referred to on this website have been prepared under NI 43-101 and the Canadian Institute of Mining and Metallurgy ("CIM") Classification system, incorporating economics and confidence level in reporting information. The terms "inferred mineral resource", "indicated mineral resource" and "measured mineral resource", which may be used within this website, are Canadian mining terms, as defined under NI 43-101 in accordance with the guidelines set out in the CIM standards. These terms are not defined in accordance with United States standards and may not generally be used in documents filed with the United States Securities and Exchange Commission ("SEC") by U.S. companies. The CIM standards differ significantly from the requirements of the SEC, and descriptions of mineralization and resource information reported on this website may not be comparable to similar information reported by U.S. companies.
General Legal Disclaimer
Logan Oil & Gas Company ("Logan Oil & Gas", the "Company"), all rights reserved. "Logan Oil & Gas" and all logos used in the website are trademarks of Logan Oil & Gas Company, unless otherwise noted. All graphics, effects, processes, information and data features at this website are owned or used under license by Logan Oil & Gas, and public access is permitted for lawful personal information purposes only. Any use for any unlawful purpose, and any reproduction or dissemination, of any feature of this website in whole or in part, is strictly prohibited.
Information posted at this website is believed to be accurate at the time of posting, but may not be current when accessed. The information provided on this website is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning the Company. For current information, refer to the documents filed by Logan Oil & Gas with Canadian securities regulatory authorities. Access to this website is provided on the condition that any use of this website is at the risk of the user, and shall in no event be liable in any way for any damages, claims, losses or liabilities whatsoever arising or relating to the use of this website.
All stock quotes and related information are provided by servers maintained by individuals or organizations other than the Company. The Company makes no representation or warranty regarding the accuracy, timeliness, suitability or any other aspect of the information located on such servers and neither monitors or endorses such servers or their content.
This website and the information contained herein do not constitute an offer or the solicitation of an offer for the purchase of any securities of the Company. The information on this website is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to the Company. No securities commission or similar authority in Canada or the United States of America has in any way passed on the merits of any of the information contained on this website.
Links to Other Websites
The Company's website may contain links to facilitate visitor access to third party sites. The Company does not control any third party site and is not responsible for the contents of any linked site or any link contained in a linked site. The Company is providing such link to visitors only as a convenience and the inclusion of any link does not imply any endorsement, review, investigation or verification of any kind whatsoever by the Company in respect of the linked site or any information contained therein.
Logan Oil & Gas Not Responsible for Internet Software or Computer Viruses
Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Logan Oil & Gas shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.