15:22:44 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



TNR Gold Corp
Symbol TNR
Shares Issued 123,031,447
Close 2010-11-03 C$ 0.185
Market Cap C$ 22,760,818
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TNR Gold sets court date for litigation in Vancouver

2010-11-04 18:05 ET - News Release

Mr. Gary Schellenberg reports

TNR GOLD CORP.: LOS AZULES COPPER PROJECT COURT DATE SET FOR SUMMER 2011

TNR Gold Corp.'s litigation in the Supreme Court of British Columbia related to the Los Azules project in Argentina, involving TNR, Minera Andes Inc., MIM Argentina Exploraciones S.A. (Xstrata) and related entities, has been joined for hearing and scheduled for a new trial date of June 20 to July 15, 2011. The trial will be held in Vancouver.

As disclosed by TNR in Stockwatch on May 17, 2010, the subject of the legal actions is TNR's right to back-in to 25 per cent of certain properties constituting the Los Azules project. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101-compliant inferred resource. MAI and Xstrata are contesting TNR's ability to exercise its back-in right. TNR is vigorously pursuing its claim and opposing MAI's efforts to deny the back-in right.

The company encourages interested parties to review the amended statement of defence and counterclaim in their entirety on its website for a better understating of TNR's position.

It should be noted that the statement of defence and counterclaim are not intended to be, and should not be interpreted as, sources of factual, business or operational information about TNR or any of its affiliates. The statement of defence and counterclaim contain assertions that have been prepared solely for use in connection with the legal dispute with MAI and Xstrata, have not been proven and should, therefore, not be relied upon.

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