Ann: Carbine Tungsten Engages Palisade Capital, page-18

That fairy tale was made up by the hotcopper pumpers. Nothing ever suggested that this was the case. Why engage Palisade when potential investors line up before CNQ's office? The simple fact is: There are no such investors that are ready to put up the cash. And obviously there is no "better option" CNQ management is waiting for as had been suggested here repeatedly. Not even Mits has put up the money that was said to be received "in a few days" / "imminently" eight months ago.

This press release simply reveals the fairy tales for what they are.

As I had stated numerous times: The conditions precedent that had been agreed upon two years ago haven't been met by CNQ. The company had indicated hard rock environmental clearance was one of these conditions and as we all know while it was supposed to be obtained by Q4 2013, it has never been received. The most disturbing aspect of this mess is the company doesn't even bother to explain to its shareholders what exactly is holding back the hard rock environmental clearance. What needs to be done? What does it cost? How long is it going to take? All valid questions that continue to be ignored.

As has always been the case.