Emerita Provides Update on Developments in Aznalcollar Court Proceedings, Spain
08 October 2021 - 12:24AM
Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF)
(the “Company” or “Emerita”) announces that the Administrative
Court of Andalucia (the “Administrative Court”) (please see the
Company’s press release dated November 25, 2015 for further
details) has notified the Company that it will be making a ruling
in the administrative case initiated by Emerita in 2015. The
application to the Administrative Court was filed by Emerita in
2015 because Emerita considered the awarding of
the Aznalcollar project pursuant to the public tender process
to be unfair, arbitrary and inconsistent with the well-defined
rules and laws of the tender process and Spanish law.
The Company perceives the Administrative Court’s
notice as a very positive development as Emerita’s external Spanish
legal counsel (“Counsel”) has advised the Company that the
Administrative Court has the authority to make a determination to
award the Aznalcollar project to Emerita.
This administrative process is separate from the
ongoing criminal proceedings (see the Company’s press release dated
October 6, 2021) regarding the alleged crimes committed in the
awarding of the Aznalcollar tender and this gives Emerita
another path forward to obtaining the rights to the Aznalcollar
project.
The Company will provide details of the
Administrative Court’s ruling once it has been
issued.
About Emerita Resources
Corp.Emerita is a natural resource company engaged in the
acquisition, exploration and development of mineral properties in
Europe, with a primary focus on exploring in Spain. The Company’s
corporate office and technical team are based in Sevilla, Spain
with an administrative office in Toronto, Canada.
For further information, contact:
Joaquin Merino+34 (628) 1754 66 (Spain)
Helia Bento+1 416 309 4293
(Toronto)info@emeritaresources.com
Cautionary Note Regarding
Forward-looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the legal processes in Spain, the
likelihood of the Company obtaining the rights to the Aznalcollar
project and the Company’s future plans. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Forward- looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Emerita, as the case may
be, to be materially different from those expressed or implied by
such forward-looking information, including but not limited to:
general business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in
the mining industry. Although Emerita has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Emerita does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
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.
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