Received by email:
File: AMI NR Oct 31 2014.docx
October 31, 2014
COMMERCIAL COURT GHANA RULES AGAINST AMI AFRICA
Vancouver, B.C. - The Company (AMI Resources Inc. ("AMI") - TSX-V Symbol AMU) has been advised by our legal counsel in
---> Ghana, that the High Court of Justice - Commercial Division has ruled against AMI Africa Exploration Ltd. in our clai
--->m against the government for compensation as a result of their establishment of a restricted non-economic zone around
--->Lake Botsumtwi in 2007.
The Company has not yet received a copy of the judgment but some points the Judge reflected on to our legal counsel we
--->re:
A. AMI knew of the creation of the restricted zone since 1996/7.
B. The decision was based on consistent policy.
C. AMI didn't do any scientific research to challenge the government decision to create the 10km restricted zone.
D. Prof. Ayensu's report has no value at all so she didn't refer to it.
Once the Company receives a copy of the judgment we will review our appeal options with legal counsel.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, whic
--->h are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward
--->looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" a
--->nd similar expressions. The Company cautions readers that forward-looking statements, including without limitation tho
--->se relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties
--->that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers a
--->re advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forw
--->ard-looking statements. Any forward-looking statements are made as of the date of this news release, and the Company
--->assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.
We seek Safe Harbor.
On behalf of the Board,
Dustin A. Elford, President & CEO
Phone: 604-669-2901
"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.
File: AMI NR Oct 31 2014.pdf
AMI RESOURCES INC.
Office: 12216 Boundary Drive North, Surrey, BC, Canada, V3X 1Z5
Phone: +(604) 669-2901 Fax: + (604) 669-8922 Email: ami@mininggroup.com
NEWS
RELEASE
TSX-V.
AMU
October
31,
2014
COMMERCIAL
COURT
GHANA
RULES
AGAINST
AMI
AFRICA
Vancouver,
B.C.
�
The
Company
(AMI
Resources
Inc.
("AMI")
�
TSX-V
Symbol
AMU)
has
been
advised
by
our
legal
counsel
in
Ghana,
that
the
High
Court
of
Justice
�
Commercial
Division
has
ruled
against
AMI
Africa
Exploration
Ltd.
in
our
claim
against
the
government
for
compensation
as
a
result
of
their
establishment
of
a
restricted
non-economic
zone
around
Lake
Botsumtwi
in
2007.
The
Company
has
not
yet
received
a
copy
of
the
judgment
but
some
points
the
Judge
reflected
on
to
our
legal
counsel
were:
A.
AMI
knew
of
the
creation
of
the
restricted
zone
since
1996/7.
B.
The
decision
was
based
on
consistent
policy.
C.
AMI
didn't
do
any
scientific
research
to
challenge
the
government
decision
to
create
the
10km
restricted
zone.
D.
Prof.
Ayensu's
report
has
no
value
at
all
so
she
didn't
refer
to
it.
Once
the
Company
receives
a
copy
of
the
judgment
we
will
review
our
appeal
options
with
legal
counsel.
Statements
included
in
this
announcement,
including
statements
concerning
our
plans,
intentions
and
expectations,
which
are
not
historical
in
nature
are
intended
to
be,
and
are
hereby
identified
as
"forward-
looking
statements".
Forward
looking
statements
may
be
identified
by
words
including
"anticipates",
"believes",
"intends",
"estimates",
"expects"
and
similar
expressions.
The
Company
cautions
readers
that
forward-looking
statements,
including
without
limitation
those
relating
to
the
Company's
future
operations
and
business
prospects,
are
subject
to
certain
risks
and
uncertainties
that
could
cause
actual
results
to
differ
materially
from
those
indicated
in
the
forward-looking
statements.
Readers
are
advised
to
rely
on
their
own
evaluation
of
such
risks
and
uncertainties
and
should
not
place
undue
reliance
on
forward-looking
statements.
Any
forward-
looking
statements
are
made
as
of
the
date
of
this
news
release,
and
the
Company
assumes
no
obligation
to
update
the
forward-looking
statements,
except
in
accordance
with
the
applicable
laws.
We
seek
Safe
Harbor.
On
behalf
of
the
Board,
Dustin
A.
Elford,
President
&
CEO
Phone:
604-669-2901
"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.
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