BANDERA GOLD TERMINATES LITIGATION ON MEXICAN PROP
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BANDERA GOLD TERMINATES LITIGATION ON MEXICAN PROPERTIES
http://www.banderagold.com/news/news_article.asp?id=130
Monday, April 18, 2016
BANDERA GOLD TERMINATES LITIGATION ON MEXICAN PROPERTIES
Edmonton, AB, April 18, 2016-Bandera Gold Ltd. (TSXV:BGL)(“Bandera”) announced today that it has terminated the litigation on its Cinco Minas and Gran Cabrera mining properties located in Mexico. Bandera has diligently defended its rights to enforce the original option agreement signed by the parties, only to be obstructed at every turn by procedural maneuvers common in the justice system in Mexico. The Board of Bandera has assessed the uncertainty of any potential resolution, timing, and cost of continuing the court cases, combined with general poor financial conditions in the mining sector affecting the market value of the properties.
After assessing these factors the Board has determined Bandera’s resources are better focused towards identifying and evaluating mineral properties of merit for acquisition, exploration and development.
On Behalf of the Board,
Peter Gommerud
CEO
http://www.banderagold.com/news/news_article.asp?id=130
Monday, April 18, 2016
BANDERA GOLD TERMINATES LITIGATION ON MEXICAN PROPERTIES
Edmonton, AB, April 18, 2016-Bandera Gold Ltd. (TSXV:BGL)(“Bandera”) announced today that it has terminated the litigation on its Cinco Minas and Gran Cabrera mining properties located in Mexico. Bandera has diligently defended its rights to enforce the original option agreement signed by the parties, only to be obstructed at every turn by procedural maneuvers common in the justice system in Mexico. The Board of Bandera has assessed the uncertainty of any potential resolution, timing, and cost of continuing the court cases, combined with general poor financial conditions in the mining sector affecting the market value of the properties.
After assessing these factors the Board has determined Bandera’s resources are better focused towards identifying and evaluating mineral properties of merit for acquisition, exploration and development.
On Behalf of the Board,
Peter Gommerud
CEO
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