Grenville Reviews Arbitration Decision and Welcomes New Neighbours
12 8월 2009 - 10:20PM
Marketwired
Grenville Gold Corporation ("Grenville" or "the Company"), (TSX
VENTURE: GVG)(PINK SHEETS: GVLGF)(FRANKFURT: F9I)(WKN: A0KELU) has
received a preliminary summary of the findings of the Arbitration
Panel from Peruvian legal counsel. The Arbitration Panel confirmed
that an exclusive option agreement exists between Bella Rubia
S.M.R.L. and Minera High Ridge S.A.C. As of March 17, 2009, Bella
Rubia became a subsidiary of Grenville Gold Corp. and Minera High
Ridge S.A.C. is a subsidiary of High Ridge Resources (TSX VENTURE:
HRR). Under the terms of the agreement Minera High Ridge agreed to
pay a total of $ 700,000 USD for 148 Ha made up of 11 claims in
stages over 4 years.
Though the result was not the primary outcome sought by
Grenville, Grenville assures shareholders that it has already
planned for this contingency. Grenville now accepts that a binding,
exclusive, non-transferable option agreement exists between Minera
High Ridge S.A.C. and Bella Rubia S.M.R.L. until such time that
Minera High Ridge pays amounts owed to Bella Rubia S.M.R.L. to
complete the contract or cancels the contract in Peru. Bella Rubia
S.M.R.L. staff have been instructed to contact Minera High Ridge
S.A.C. to complete the transfer when practicable.
Grenville will further review the panel's decision and confer
with legal advisors regarding any further action or
information.
In addition, Grenville will continue with its plans to develop
the 6,122 Ha Silveria Property and the 7,129 Ha Espanola Copper
Property. Grenville has learned that the Peruvian firm Compania
Minera San Juan (Peru) S.A. (CMSJ) has agreed to purchase 85% of
GoldHawk Resources' (TSX VENTURE: CGK) Corichanca Mine. Grenville
looks forward to working with San Juan, Minera High Ridge, the
community, its partners and other stakeholders towards a common
goal of developing a world class project.
Further information and property maps are available at
www.grenvillegold.com.
On behalf of the Board of Directors,
A. Paul Gill, President & Director
We Seek Safe Harbor.
Contacts: Grenville Gold Corporation A. Paul Gill President
& Director Office: (604) 303-1051 info@grenvillegold.com
www.grenvillegoldcorp.com
Grenville Gold Corp. (TSXV:GVG)
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부터 4월(4) 2024 으로 5월(5) 2024
Grenville Gold Corp. (TSXV:GVG)
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부터 5월(5) 2023 으로 5월(5) 2024
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