STINA RESOURCES ANNOUNCES COURT APPROVAL OF PURCHASE OF GILDEMEISTER ENERGY STORAGE GmbH
27 11월 2017 - 8:30PM
InvestorsHub NewsWire
November 27, 2017 -- InvestorsHub
NewsWire -- Stina Resources Ltd. (“Stina” or the
“Company”) (CSE: SQA) (OTCQB:
STNUF) (Frankfurt: 01X) is pleased to
announce that the Austrian court has approved Stina’s agreement
with the Austrian liquidator in the insolvency proceedings over the
assets of GILDEMEISTER ENERGY STORAGE GmbH.
Stina is awaiting details of the
Court Order and interpretations of Austrian law relative to the
Judge’s Order. As in most legal systems, the decision may be
subject to appeal. Stina is awaiting a translated copy of the Court
Order which is expected within the next few days. In addition,
Stina’s Austrian legal counsel will be providing a detailed
assessment of the published order. More information will be
released as it becomes available.
GILDEMEISTER ENERGY STORAGE GmbH is
the name of the firm outlined in the purchase agreement announced
in the news release of November 3, 2017.
The agreement is subject all
necessary corporate and regulatory approvals, including approval of
the Canadian Securities Exchange.
For further information, please
contact:
Brian Stecyk, Director, CEO
Telephone: 1-800-882-3213
STINA RESOURCES LTD.
Ste 10 – 8331 River Road
Richmond, BC V6X 1Y1
1-800-882-3213
OTCQB: STNUF
CSE: SQA 12g3-2(b): 82-2062
Frankfurt: 01X
www.stinaresources.com
Shares Issued: 68,504,104
This news release contains
certain "forward-looking statements" within the meaning of Canadian
securities legislation. Forward-looking statements are
statements that are not historical facts which address events,
results, outcomes or developments that the Company expects to
occur; they are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or
conditions "will", "would", "may", "can", "could" or "should"
occur. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the
statements are made and they involve a number of risks and
uncertainties. Certain material assumptions regarding such
forward-looking statements are discussed in this news release and
the Company's annual and quarterly management's discussion and
analysis filed at www.sedar.com. Except as required by the securities disclosure
laws and regulations applicable to the Company, the Company
undertakes no obligation to update these forward-looking statements
if management's beliefs, estimates or opinions, or other factors,
should change.
Neither the CSE nor its
Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
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