American Creek Resources Receives Favorable Judgement Regarding Costs in Treaty Creek Litigation
(firmenpresse) - CARDSTON, ALBERTA -- (Marketwired) -- 11/27/14 -- American Creek Resources Ltd. (TSX VENTURE: AMK) ("American Creek" or "the Corporation") is pleased to announce that Reasons for Judgement have been delivered by the trial judge on the matter of costs in the Treaty Creek litigation.
American Creek has been awarded costs at the highest scale based on the British Columbia Supreme Court Rules costs tariff for the full proceeding, plus "special costs" (to be assessed by the registrar and based on American Creek's reasonable and necessary legal fees) for certain specified aspects of the proceeding, and additional costs based on Teuton's refusal to make requested admissions, as well as its litigation disbursements in an agreed amount. American Creek's application for all of its costs to be assessed as special costs, and for an uplift and double its tariff costs was dismissed.
The appeal proceedings in the Treaty Creek litigation are scheduled to be heard in the British Columbia Court of Appeal on January 19-21, 2015. The Corporation is confident in the decision of the British Columbia Supreme Court and expects that it will also prevail in the Court of Appeal.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
Information relating to the Corporation is available on its website at .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
American Creek Resources Ltd.
Darren Blaney
403 752-4040
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Datum: 27.11.2014 - 14:00 Uhr
Sprache: Deutsch
News-ID 355786
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CARDSTON, ALBERTA
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Mining & Metals
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