Common use of INFORMATION/DATA Clause in Contracts

INFORMATION/DATA. 21.1 At all times during the currency of this Agreement the duly authorised representatives of each Participant shall, at its and their sole risk and expense and at reasonable intervals and times, have access to the Property and to all technical records and other factual engineering data and information relating to the Property which is in the possession of the Operator; 21.2 During the Exploration Period while Programs are being carried out, the Operator shall furnish the Participants with quarterly summary reports and with a final report at the conclusion of each Program. At the end of the Mining Operations period, a final report shall be submitted showing the Mining Operations performed and the results obtained and shall be accompanied by a statement of Costs and copies of pertinent plans, assay maps, diamond drill records and other factual engineering data. During the Construction Period the Operator shall provide quarterly summary reports to the Participants, which reports shall include information on any changes or developments affecting the Mine that the Operator considers are material; Joint-Venture Agreement Azimut Exploration Inc. & Northwestern Mineral Ventures Inc. 21.3 All information and data concerning or derived from the Property shall be kept confidential and, except to the extent required by law or by regulation of any stock exchange, securities regulatory authority or commission, or other government authority shall not disclosed to any person other than an Affiliate or a legal, financial, mining or accounting advisor without the prior consent of all the Participants, which consent shall not unreasonably be withheld; 21.4 The text of any news release or other public statements which a party desires to make with respect to the Property shall be made available to the other parties prior to publication and the other parties shall have the right to make suggestions for changes therein. If no comment is received within 24 hours, the news release shall be deemed approved. Notwithstanding any other provision hereof, nothing here shall operate so as to restrict a party from taking any action required by applicable law or the rules of any applicable Stock Exchange.