PGM Ventures Corporation

PGM Ventures Corporation

May 15, 2006 16:20 ET

PGM Ventures Corporation-News Release

TORONTO, ONTARIO--(CCNMatthews - May 15, 2006) - PGM Ventures Corporation ("PGM")(TSX VENTURE:PPG) announces that it is one of a number of companies selected by the Ontario Securities Commission ("OSC") for continuous disclosure review. As part of that review, the OSC has determined that PGM's MD&A disclosure for the year ended December 31, 2004 and for the three quarters ended March 31, June 30, and September 30, 2005 should be revised to more completely comply with the regulations. Accordingly, PGM intends to revise and re-file its MD&A for those periods.

PGM has 88,136,231 shares issued and outstanding as at the date of this press release.

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as emended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

The TSX Venture Exchange Inc. has neither approved nor disapproved the information herein contained.

Contact Information

  • PGM Ventures Corporation
    Peter Miller
    (416) 815-8666
    PGM Ventures Corporation
    Norm Brewster
    (416) 815-8666