Bandera Gold Provides Legal Update on Cinco Minas and Gran Cabrera Properties
05 September 2013 - 11:00PM
Access Wire
Edmonton, AB,
September 5, 2013-Bandera Gold Ltd ("Bandera" or the "Company")
(TSXV:BGL) is pleased to provide this update on the Cinco Minas and
Gran Cabrera Mexican Mining Properties (the
"Properties").
Our March 22, 2013
news release provided a status update in which we summarized our
ongoing efforts in the mercantile lawsuit.
On August 12, 2013, in regards Bandera's
Amparo, the 3rd District Federal court was ordered by the Amparo court to issue
a ruling. This ensures that all of the evidence previously
presented remains intact for consideration in the final
ruling.
On August 26, 2013, as was expected, the
defendants (MSJ and Minera Amajac) filed a Revision Remedy against
this ruling.
Bandera is continuing to litigate the case and pursue
its legal remedies, and it is confident that the appropriate
Mexican courts will ultimately ratify and uphold what was decided
in the First Instance Ruling.
Once the litigation
has been completed and Bandera receives its interest in the
Properties, Bandera will proceed with the following:
-
1.Complete an updated NI 43-101 Technical Report on the Properties
which will include a new development plan;
-
2.Re-establish
relationships with the local Cinco Minas community; and
-
3.Secure
financing for the development plan.
On Behalf of the Board
Stephen Roehrig
President and CEO
For further information please
contact:
Stephen Roehrig, President and CEO (780) 465-4129
Web: www.banderagold.com
Neither the TSX
Venture Exchange nor its Regulation Service Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Information provided herein contains forward--looking statements.
The reader is cautioned that assumptions used in the preparation of
such information, which are considered reasonable by Bandera at the
time of preparation, may prove to be incorrect. Actual results
achieved will vary from the information provided and the variations
may be material. There is no representation by Bandera that actual
results achieved will be the same in whole or in part as those
indicated in the forward--looking statements. The outcome of any
regulatory or legal proceedings, including any criminal or civil
matters, is uncertain, and Bandera makes no assurances in that
regard.
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