34 This is simply a consent from the qualified person to use the information they prepared or supervised. Consents must be signed and dated, and if the signatory has a seal, sealed. Examples of consents can be found on SEDAR. Companies should note that once they are reporting issuers, they will have to continue to file technical reports to support disclosures they are required to make. These may be disclosures required under continuous disclosure obligations – for example, annual or quarterly reports – or disclosures required in connection with material events. Material events are events that management expects to affect the price of their company’s securities, positively or negatively. For an exploration company this might be something as simple as drill results, while for a more senior company, generally only a more unusual event, such as a major acquisition, would potentially affect share price and therefore be considered material. Disclosure is the responsibility of the company. The Exchanges require that all material events be disclosed to the public in a timely fashion via news release. For more information on disclosure obligations, see Chapter 11, and consult NI 43-101 and the TSXV Corporate Finance Manual or TSX Company Manual, as applicable. Disclosure requirements Any disclosure of scientific or technical information regarding a mineral project, whether written or oral, must be read and approved by a qualified person (who may be an employee of the company). This includes disclosure via a web site as well as disclosure made in a news release. Disclosure via news release must include: • The name and relationship to the company of the QP who prepared/supervised the basis of the information (independence test). • The methods of verification the data underwent. If the data was not verified, the company must provide the reason why. • A summary of the material results and the interpretation of the exploration information (such as sampling results, assays from diamond drilling, etc.). Note that materiality is proportional to the exploration stage of the particular company: operating mining companies have a higher threshold of disclosure than junior exploration companies, meaning they generally don’t have to disclose as much day-to-day information. • A description of the quality control and quality assurance methods that were used during the execution of the work being reported. See Appendix B of the TSX Company Manual or Appendix 3F of the TSXV Corporate Finance Manual for more information on the disclosure required of mining companies.
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