Kinbauri Gold Announces Reasons Issued in Court Hearing with Glen
Eagle>
Kinbauri Gold Announces Reasons Issued in Court Hearing with Glen Eagle
(Thomson Reuters ONE) - OTTAWA, ONTARIO--(Marketwire - July 07, 2009) - Kinbauri Gold Corp.("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) announces thatJustice Wilton-Seigel has issued his reasons in respect of his rulingof the dispute between Kinbauri and Glen Eagle Resources Inc. ("GlenEagle"). A copy of the reasons has been posted on Kinbauri's websitewww.kinbauri-gold.com as well as on www.kinbaurimaximized.com.Kinbauri strongly encourages shareholders to review the reasons.Kinbauri is pleased with Justice Wilton-Seigel's assessment of thefacts and issues in the dispute with Glen Eagle as set out in hisreasons and continues to be highly confident that it will prevail indefeating Glen Eagle's claims and in winning the counter claims forsubstantial damages that it will be asserting in the arbitration.About KinbauriKinbauri (TSX VENTURE: KNB) is a mineral exploration company focusedon the development of precious metal prospects in Spain, Nevada andCanada. Its immediate focus is to begin operations at its ElValle/Carles property in Asturias, northwestern Spain in 2010. Itcurrently has 59,348,051 common shares issued and outstanding. Formore information visit www.kinbaurimaximized.com orwww.kinbauri-gold.com.THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSXVENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY ORACCURACY OF THIS RELEASE.This press release contains certain forward-looking statements, whichare based on the opinions and estimates of management at the date thestatements are made, and are subject to a variety of risks anduncertainties and other factors that could cause actual events orresults to differ materially from those projected. Kinbauriundertakes no obligation to update forward-looking statements ifcircumstances or management's estimates or opinions should change.The reader is cautioned not to place undue reliance onforward-looking statements.Contacts:North America:Mr. Brian McEwenDirector, Special Committee member613-836-2594613-831-2730 (FAX)bmcewen(at)kinbauri-gold.comDarrell Munro, BB.A, LL.BManager, Corporate Communications613-836-0198dmunro(at)kinbauri-gold.comwww.kinbauri-gold.comEurope:INVESTELRuediger (Rudy) Hnyk, CEOInvestor Relations & Telecommunicationsceo(at)investel.deThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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" alt="SAGA Oil ASA - Production Update>">Datum: 07.07.2009 - 15:16 Uhr
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