Continental Precious Minerals Inc.-Litigation Update
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/30/13 -- Continental Precious Minerals Inc. ("Continental" or the "Company") (TSX: CZQ) is pleased to announce that it has reached a settlement with respect to its claim against Bennett Jones LLP ("Bennett Jones"), as trustee, for the return of the $1.5 million to the Company.
As earlier reported, in June 2013, the Company challenged the validity of the trust indenture and commenced an action against Bennett Jones for, among other things, the return of the $1.5 million. The parties have reached a confidential settlement pursuant to which the trust indenture is being terminated and the $1.5 million has been returned to Continental.
"We are pleased with this resolution," commented Continental's Vice Chairman Rana Vig, "and the board continues to be committed to act in the best interests of the shareholders."
The litigation between Edward Godin, the former president, CEO and a director of Continental and the Company is ongoing.
Common Shares: 56,749,845
Contacts:
Continental Precious Minerals Inc.
Rana Vig
Vice Chairman
+1 647 476 9226 ext 6
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Datum: 30.10.2013 - 13:59 Uhr
Sprache: Deutsch
News-ID 310883
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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