Kinbauri Gold Announces Reasons Issued in Court Hearing with Glen Eagle
07 July 2009 - 11:11PM
Marketwired
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT:
3KG.DE) announces that Justice Wilton-Seigel has issued his reasons
in respect of his ruling of the dispute between Kinbauri and Glen
Eagle Resources Inc. ("Glen Eagle"). A copy of the reasons has been
posted on Kinbauri's website www.kinbauri-gold.com as well as on
www.kinbaurimaximized.com. Kinbauri strongly encourages
shareholders to review the reasons. Kinbauri is pleased with
Justice Wilton-Seigel's assessment of the facts and issues in the
dispute with Glen Eagle as set out in his reasons and continues to
be highly confident that it will prevail in defeating Glen Eagle's
claims and in winning the counter claims for substantial damages
that it will be asserting in the arbitration.
About Kinbauri
Kinbauri (TSX VENTURE: KNB) is a mineral exploration company
focused on the development of precious metal prospects in Spain,
Nevada and Canada. Its immediate focus is to begin operations at
its El Valle/Carles property in Asturias, northwestern Spain in
2010. It currently has 59,348,051 common shares issued and
outstanding. For more information visit www.kinbaurimaximized.com
or www.kinbauri-gold.com.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX
VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This press release contains certain forward-looking statements,
which are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected. Kinbauri
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
Contacts: North America: Mr. Brian McEwen Director, Special
Committee member 613-836-2594 613-831-2730 (FAX)
bmcewen@kinbauri-gold.com Darrell Munro, BB.A, LL.B Manager,
Corporate Communications 613-836-0198 dmunro@kinbauri-gold.com
www.kinbauri-gold.com Europe: INVESTEL Ruediger (Rudy) Hnyk, CEO
Investor Relations & Telecommunications ceo@investel.de
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