Sonora Gold & Silver Corp.: Corporate Update
03 12월 2010 - 6:54AM
Marketwired
Sonora Gold & Silver Corp. (the "Company" or "Sonora") (TSX
VENTURE: SOC) reports that by order dated December 2, 2010, the
Commissioner for Minerals for the United Republic of Tanzania has
ordered Dr. Kigoda to surrender Mining License (ML) 413/2010 to the
Commissioner, in favor of a Primary Mining License (PML) used for
small-scale artisanal mining, to be reissued to Dr. Kigoda. The
Company currently has an option on the ML held by Dr. Kigoda.
The Commissioner has ruled that Dr. Kigoda may conduct mining
activities without foreign involvement which includes Sonora and
Canaco. The Commissioner has also ordered that contracts that
involve foreign companies or individuals with Dr. Kigoda are deemed
illegal.
The Company is currently assessing the Commissioner's decision,
and intends to exercise all legal avenues available to it to
protect its rights. The Company expects to make a further
announcement once its assessment is complete.
ON BEHALF OF THE BOARD OF DIRECTORS
Ken Churchill, President & CEO, Director
Neither 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: Sonora Gold & Silver Corp. Ken Churchill
778.373.5499 ken@sonoragoldcorp.com
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