Aurora Metals (BVI) Limited Files Lawsuit Against Trend Mining Company
January 03 2008 - 3:47PM
Marketwired
ROAD TOWN, BRITISH VIRGIN ISLANDS Limited (OTCBB: AURMF) (the
"Company", "Aurora Metals") announced that it has filed a lawsuit
in the Montana 22nd Judicial District Court on December 20, 2007
against Trend Mining Company ("Trend") concerning their Joint
Venture agreement.
According to the Joint Venture Agreement, Trend was required to
contribute not less than US$2 million in annual and cumulative
expenditures during the 5-year earn-in period to earn a
participating interest in two leases covering unpatented mining
claims in Stillwater and Sweet Grass Counties, Montana. Aurora
claims, among other things, that Trend did not make the minimum
annual exploration expenditures required under the Joint Venture
Agreement.
Aurora is seeking judgment against Trend declaring that, among
other things, the Joint Venture Agreement has expired and or
terminated and that Trend has no right, title, or interest in the
subject leases or the subject mining claims.
Aurora Metals is a mineral exploration and resource-related
company focusing on the exploration and development of its Montana
properties. Aurora Metals stock trades under the symbol "AURMF" on
the NASD OTC Bulletin Board in the United States of America.
ON BEHALF OF THE BOARD
"Cameron Richardson"
Cameron Richardson
President, CEO and Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that plan for or
anticipate the future, called "forward-looking statements." In some
cases, you can identify forward-looking statements by terminology
such as "may," "will," "should," "could," "expects," "plans,"
"intends," "anticipates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of those terms and other
comparable terminology.
These forward-looking statements appear in a number of places in
this press release and include, but are not limited to, statements
about: our market opportunity; revenue generation; our strategies;
competition; expected activities and expenditures as we pursue our
business plan; the adequacy of our available cash resources; our
ability to acquire properties on commercially viable terms;
challenges to our title to our properties; operating or technical
difficulties in connection with our exploration and development
activities; currency fluctuations; fluctuating market prices for
precious and base medals; the speculative nature of precious and
base medals exploration and development activities; environmental
risks and hazards; governmental regulations; and conduct of
operations in politically and economically less developed areas of
the world.
Many of these contingencies and uncertainties can affect our
actual results and could cause actual results to differ materially
from those expressed or implied in any forward-looking statements
made by, or on behalf of, us. Forward-looking statements are not
guarantees of future performance. All of the forward-looking
statements made in this press release are qualified by these
cautionary statements. Specific reference is made to our most
recent annual report on Form 20-F and other filings made by us with
the United States Securities and Exchange Commission for more
detailed discussions of the contingencies and uncertainties
enumerated above and the factors underlying the forward-looking
statements. These reports and filings may be inspected and copied
at the Public Reference Room maintained by the U.S. Securities
& Exchange Commission at 100 F Street, N.E., Washington, D.C.
20549. You can obtain information about operation of the Public
Reference Room by calling the U.S. Securities & Exchange
Commission at 1-800-SEC-0330. The U.S. Securities & Exchange
Commission also maintains an Internet site that contains reports,
proxy and information statements, and other information regarding
issuers that file electronically with the U.S. Securities &
Exchange Commission at http://www.sec.gov.
We disclaim any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except to the extent required by
applicable laws.
This press release is for informational purposes only and is not
and should not be construed as an offer to solicit, buy, or sell
any security.
For further information, please call: Cameron Richardson Phone:
+1 (604) 687-4432 Address: PO box 438, Road Town, Tortola, British
Virgin Islands, VG1110 Website: www.aurorametalsbvi.com
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