Dundee Sustainable Technologies Starts Trading on the Canadian Securities Exchange
April 08 2014 - 8:00AM
Marketwired Canada
Dundee Sustainable Technologies Inc. ("DSTI") the developer and owner of
proprietary technologies to serve the natural resource sector is pleased to
announce that it is trading on the Canadian Securities Exchange as of this
morning (CSE:DST).
About DSTI
The cyanide-free gold extraction process developed by DSTI, has been recognized
as a "green technology" for which it has been awarded to date, $5,700,000 in
grants of which $700,000 has been provided by the Government of Quebec and
$5,000,000 from the Sustainable Development Technology Fund of Canada for the
construction of a demonstration plant.
Over the last ten years DSTI has tested over 50 different gold deposits, both
oxide and sulfide ores at the lab level and at its pilot plant. These tests
have, consistently achieved gold recoveries in excess of 90%, using chlorination
instead of cyanide. In addition, the tailings from the process are inert from
toxic substances and as result meet environmental norms. An independent
engineering study completed within the last 12 months supports DSTI's claim of
having operated a pilot plant showing a gold extraction yield higher than 90%
using a closed-circuit chlorination process.
To date the Company has obtained 25 patents in 19 countries for its technologies
for the extraction of precious metals and base metals as well as the
neutralization of arsenic and production of fertilizer and has 14 pending patent
applications worldwide for its technologies.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements that address future events and conditions, which are subject to
various risks and uncertainties. Actual results could differ materially from
those anticipated in such forward-looking statements as a result of numerous
factors, some of which may be beyond the Corporation's control. These factors
include: results of exploration activities, general market and industry
conditions, and other risks disclosed in the Corporation's filings with Canadian
Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the
Corporation's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by applicable law. Depending on exploration results and
available financing, the Corporation may at any point modify its work program.
The Canadian Securities Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Pierre Gauthier Chairman
President and CEO
(514) 866-6001 # 244
(514) 866-6193 (FAX)
info@dundeetechnologies.com
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