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RZZ Abitibi Royalties Inc

27.00
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Abitibi Royalties Inc TSXV:RZZ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.00 26.67 27.00 0 01:00:00

Abitibi Royalties Files Injunction Against Osisko Mining Corporation for Enforcement of Its Contractual Rights

30/05/2014 2:30pm

Marketwired Canada


Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties") announces that it
has filed a Motion with the Quebec Superior Court to institute proceedings for
the issuance of provisional, interlocutory and permanent injunction orders under
Articles 110 and 751 et seq. of the Quebec Code of Civil Procedure for the
enforcement of its contractual rights under the joint venture arrangement
between Abitibi and Osisko Mining Corporation to explore and develop a mining
property known as the Malartic CHL Prospect in the Fourniere Township of Abitibi
County, Quebec, which they hold as undivided co-owners. The Motion is set to be
heard on Friday May 30, 2014.


About Abitibi Royalties Inc. 

Abitibi Royalties holds 100% title to the Luc Bourdon and Bourdon West Prospects
in Ontario and a 30% free-carried interest on the Malartic CHL Property near
Val-d'Or, Quebec which is the object of a joint venture with Osisko. In
addition, the Company holds a 2% net smelter royalty interest in one additional
claim held by Osisko, and may acquire and generate other property and royalty
interests.


Golden Valley Mines Ltd. holds an approximate 62.7% interest in Abitibi
Royalties Inc.


Forward Looking Statements:

This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or realities may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.


Neither the 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 news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glenn J. Mullan
President
2864 chemin Sullivan
Val-d'Or, Quebec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@goldenvalleymines.com

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