Mainstream Files Lawsuit Against Champagne Resources
30 April 2014 - 6:00AM
Marketwired
Mainstream Files Lawsuit Against Champagne Resources
TORONTO, ONTARIO--(Marketwired - Apr 29, 2014) - Mainstream
Minerals Corporation (TSX-VENTURE:MJO) ("Mainstream" or the
"Company") announces that it has received notice from Champagne
Resources Limited ("Champagne") that Champagne has terminated the
amalgamation agreement (the "Amalgamation Agreement") dated March
12, 2014, between Mainstream, Champagne and a wholly-owned
subsidiary of Mainstream pursuant to which Mainstream intended to
acquire all of the issued and outstanding shares of Champagne.
Mainstream has filed a lawsuit in the Ontario Superior Court of
Justice against Champagne and its directors alleging that Champagne
and its directors are in breach of the terms of the Amalgamation
Agreement. Mainstream is, among other things, seeking specific
performance under the Amalgamation Agreement.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release and has
in no way passed upon the merits of the Transaction and has neither
approved nor disapproved of the contents of this press
release.
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
Mainstream Minerals CorporationDavid ReidPresident & Chief
Executive Officer705.254.8303dave@grgibson.com
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