Compliance Energy Corporation News
Princeton Power Project remains on hold
A study completed on behalf of the Company by the Timberline Natural Resource Group forecasts that there will be ample fuel in the form of roadside residuals from existing logging operations and passed over beetle killed pine in the Princeton region to fuel the plant for over 25 years. Salvaging the standing dead pine for fuel would allow reforestation to be accelerated, would help mitigate the risk of wildfires, benefit the forest industry in the recovery of saw logs from infested areas and enhance economic activities in the woods industry for local communities.
Electricity from a biomass fuelled power plant is available continuously 24 hours per day unlike other forms of renewable electricity which might not be available when the electricity is required. The Princeton Power Project would contribute to the Provincial goal of becoming electricity self sufficient by 2016.
Compliance Energy Corporation's shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on the Company's web page at www.complianceenergy.com.
On behalf of the Board of COMPLIANCE ENERGY CORPORATION John Tapics Chief Executive Officer
Required Disclosure:
The Preliminary Assessment is preliminary in nature and includes inferred coal resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as coal reserves and there is no certainty that the Preliminary Assessment will be realized. Coal resources that are not coal reserves do not have demonstrated economic viability.
The
responsibility for the adequacy or accuracy of this release.
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.
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