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Emerita Resources Corp V.EMO

Alternate Symbol(s):  EMOTF

Emerita Resources Corp. is a Canada-based natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company has a 100% ownership interest in the Iberia Belt West (IBW) project located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 kilometers (km) west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo Project consists of one exploration permit comprising 227 mineral claims in Seville province, in the Western part of the Iberian Pyrite Belt and covers over 6,874 hectares. Its La Infanta Sur Project consists of one exploration permit comprising 28 mineral claims in Seville province, in the western part of the Iberian Pyrite Belt and covers over 848 hectares.


TSXV:EMO - Post by User

Post by urai58on May 27, 2021 12:20am
196 Views
Post# 33273633

The law is the law ...

The law is the law ...
... Correct, this applies to Emerita Resource and especially to @Drjimjones. 
 
His statement "9 bad actors criminally charged" at CEO.CA yesterday is false.  I will now explain to you what the status of the case is. Emerita Resources has not provided any new case related information since the NR EMO of 10/3/2021:
 
The court ordered the prosecutor's office to open a criminal case. Presumably the prosecution is in the process of drafting an indictment.
 
Once this indictment is available, the criminal court will decide whether or not to try the case. Only when the defendants have been convicted by final judgment will the administrative proceedings continue. There, it will be decided whether Emerita Resources has subsequently won the tender.
 
In criminal law in Europe, the presumption of innocence applies. The presumption of innocence requires that the person suspected or accused of a crime does not have to prove his innocence, but that the prosecuting authority has to prove his guilt. This applies until there is a final judgment. In the complicated Spanish legal system, this can take time ... and take time ... and take time ...
 
 
If @Drjimjones suggests in a public forum CEO.CA that people from Grupo Mexico are involved in the criminal case, he may be committing a crime.
 
Link:
 
From my research, no one from Grupo Mexico (international group with 10b$ turnover) is involved in the proceedings. 
 
The company involved, which won this tender, is Minera los Frailes.
 
Minera los Frailes is owned by Grupo Mxico (97.31%), a leading mining company, holder of the largest reserves of copper in the world, and Minorbis, Grupo Magtel (2.69%), an Andalusian technology company.
 
 
 
Alleged defendants are the two owners of Magtel. As mentioned above, until a final verdict is reached, the presumption of innocence applies.
Link:
 
urai58
 
Translated with www.DeepL.com/Translator (free version)
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