Ginguro Settles Pardo Joint Venture Dispute
June 30 2014 - 6:30AM
Marketwired
Ginguro Settles Pardo Joint Venture Dispute
SUDBURY, ONTARIO--(Marketwired - Jun 30, 2014) - Ginguro
Exploration Inc. (TSX-VENTURE:GEG) ("Ginguro") is pleased to
announce that it has reached an agreement to settle all aspects of
its dispute with Endurance Gold Corporation ("Endurance") regarding
the Pardo Joint Venture (the "Joint Venture"). As a result of the
settlement, the ongoing arbitration between the parties has been
terminated.
The parties have agreed that Ginguro owns a 64.5% interest in
the Joint Venture and Endurance owns a corresponding 35.5% interest
in the Joint Venture. Endurance will pay Ginguro $100,000 towards
past exploration expenditures.
Both Ginguro and Endurance are pleased with the settlement of
the dispute and arbitration matters and look forward to the
continued advancement of the Joint Venture, in particular the
exploration activities being conducted under the 2014 Program,
which commenced in May. Both companies are funding the current
program in line with their respective JV ownership interests.
About Ginguro
Ginguro Exploration Inc. is a mineral exploration company
focused on the advancement of its Pardo paleo-placer gold property,
located in Pardo Township in northern Ontario. To learn more about
Ginguro Exploration Inc., please visit: www.ginguro.com.
Statements in this release that are forward-looking
statements are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" in the Corporation's filings with Canadian securities
regulators. Such information contained herein represents
management's best judgment as of the date hereof based on
information currently available. The Corporation does not assume
any obligation to update any forward-looking statements, save and
except as may be required by 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.
Ginguro Exploration Inc.Richard MurphyPresident and CEO(705)
222-8800info@ginguro.comwww.ginguro.com
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