VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2013) - Bralorne Gold Mines Ltd. (the "Company") ( TSX VENTURE:BPM )( OTCQX:BPMSF )( BERLIN:GV7 )( FRANKFURT:GV7 )( WKN A0B75M ) announces that on April 29, 2013, a Notice of Hearing was issued by the Executive Director of the British Columbia Securities Commission (the "Executive Director") to the Company, Mr. Bill Kocken, the Company's CEO and Director, and Dr. Matt Ball, the Company's President, Chief Operating Officer and Director (collectively, the "Respondents").
The Executive Director alleges that the Respondents contravened section 2.3(1)(b) of NI 43-101, and that Mr. Kocken and Dr. Ball authorized, permitted, or acquiesced in the Company's contravention of section 2.3(1)(b) of NI 43-101, by disclosing results of an economic analysis that included or was based on a target for further exploration.
The Notice of Hearing required the Respondents and/or their legal counsel to attend a preliminary hearing at the BCSC on May 28, 2013 to set a date for the hearing regarding this matter. The date of the hearing has been set for January 6, 2014.
About Bralorne Gold Mines Ltd.
The Company is a Canadian junior mining and exploration company, whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties. The Company's current project is a 100% interest in the Bralorne Gold Mine, BC.
For more information, please feel free to visit our website at: www.bralorne.com .
ON BEHALF OF THE BOARD
William Kocken, Chief Executive Officer
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
