Court Rules in Favor of Kobex
11 October 2008 - 4:03AM
Marketwired
Kobex Resources Ltd. (Kobex) (TSX VENTURE: KBX) announces that the
Supreme Court of British Columbia on October 8, 2008 dismissed the
claims made by Mosquito Consolidated Gold Mines ("Mosquito") for
further payments in cash and shares under the Amended Option
Agreement concerning the Cumo project in Idaho.
Kobex acknowledged that it was prepared to pay the sum of US
$20,000 together with interest to Mosquito and the Court ordered
Kobex to pay this amount. Kobex will be pursuing court costs as a
result of being successful on the issues in dispute in the
action.
On behalf of the Board of Directors
H. Leo King, President
This news release includes certain statements that express
management's expectation or estimates of future performance and may
be deemed "forward-looking statements". These forward-looking
statements involve assumptions, risks and uncertainties and actual
results may vary materially. For these reasons shareholders should
not place undue reliance on such forward-looking information.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this News Release.
Contacts: Kobex Resources Ltd. Leo King President and Chief
Executive Officer (604) 484-6228 Kobex Resources Ltd. Maurice
Tagami Chief Operating Officer (604) 484-6228 (604) 688-9336 (FAX)
Email: investor@kobexresources.com Website:
www.kobexresources.com
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