Post by IQ on Mar 31, 2006 10:03:45 GMT -5
This is great news, Shoregold is about to move up.
Now that they are no longer in the Courts, they can concentrate on the Diamonds.
We're next.....
Court Dismisses De Beers Claim
Friday March 31, 8:25 am ET
Stock Symbol: SGF: TSX
SASKATOON, March 31 /CNW/ - Kenneth E. MacNeill, President and CEO of Shore Gold Inc. ("Shore") announced that the Court of Queen's Bench for Saskatchewan has reached a decision in favor of Shore, Kensington Resources Ltd., Cameco Corporation and UEM Inc. in the previously-announced action commenced by De Beers Canada Inc. ("De Beers") (the "Parties"). De Beers had sought a declaration that the previously-announced Voting Agreement relating to the Fort a la Corne Joint Venture ("FALC JV") was void as well as an injunction to restrain the defendants from holding a Management Committee meeting of the FALC JV at which a vote is to be taken, or to restrain the defendants from using the Voting Agreement in connection with a Management Committee vote.
The Court of Queen's Bench for Saskatchewan dismissed all claims made by De Beers, with costs to the defendants, in a written decision released on March 30, 2006.
As per the terms of an earlier agreement between the Parties, this decision now allows the calling of a meeting of the FALC JV Management Committee to be held no sooner than 10 days after this decision to vote on a program and budget for the 2006 operating year.
Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Exchange under the trading symbol "SGF".
ca.us.biz.yahoo.com/cnw/060331/shore_gold_de_beers.html?.v=1
This will allow them to work out the details of obtaining additional funding through JV's as mining is expensive.
The more diamonds they can pull out of the ground the better it is for CMKX, we're just around the corner.
If CMKX is this close there is a possibility of a JV between us too, as no technology can pinpoint the exact source of the diamonds. Its going to get interesting for sure.
CMKX To DA MOON
;D ;D ;D
Now that they are no longer in the Courts, they can concentrate on the Diamonds.
We're next.....
Court Dismisses De Beers Claim
Friday March 31, 8:25 am ET
Stock Symbol: SGF: TSX
SASKATOON, March 31 /CNW/ - Kenneth E. MacNeill, President and CEO of Shore Gold Inc. ("Shore") announced that the Court of Queen's Bench for Saskatchewan has reached a decision in favor of Shore, Kensington Resources Ltd., Cameco Corporation and UEM Inc. in the previously-announced action commenced by De Beers Canada Inc. ("De Beers") (the "Parties"). De Beers had sought a declaration that the previously-announced Voting Agreement relating to the Fort a la Corne Joint Venture ("FALC JV") was void as well as an injunction to restrain the defendants from holding a Management Committee meeting of the FALC JV at which a vote is to be taken, or to restrain the defendants from using the Voting Agreement in connection with a Management Committee vote.
The Court of Queen's Bench for Saskatchewan dismissed all claims made by De Beers, with costs to the defendants, in a written decision released on March 30, 2006.
As per the terms of an earlier agreement between the Parties, this decision now allows the calling of a meeting of the FALC JV Management Committee to be held no sooner than 10 days after this decision to vote on a program and budget for the 2006 operating year.
Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Exchange under the trading symbol "SGF".
ca.us.biz.yahoo.com/cnw/060331/shore_gold_de_beers.html?.v=1
This will allow them to work out the details of obtaining additional funding through JV's as mining is expensive.
The more diamonds they can pull out of the ground the better it is for CMKX, we're just around the corner.
If CMKX is this close there is a possibility of a JV between us too, as no technology can pinpoint the exact source of the diamonds. Its going to get interesting for sure.
CMKX To DA MOON
;D ;D ;D
