Vaaldiam Mining Inc VAALF

So, what is MB really up to?

[Kooler]

Based on their track record, I don't think you can take them seriously. Here’s an excerpt from the Emgold article referred to in today’s VAA NR.

Emgold states categorically that the allegations relating to Emgold and attributed to Dunn in this news release are completely unfounded. We are at a loss to understand the motivation behind this concoction of falsehoods and can only assume that it represents a malicious attempt to cause financial damage to Emgold and its shareholders. We are disappointed that, in our opinion, Stockwatch was prepared to add currency to such allegations by facilitating their dissemination without any attempt to confirm responsibility for or authenticity of the news release.

Contrary to the Dunn news release, the relationship between Emgold and Dunn was not terminated by Dunn. In fact it was formally terminated by Emgold two weeks earlier, on October 7, 2009. Emgold's termination was announced in Emgold's news release, also dated October 7, 2009. By then Emgold had determined that Dunn was not able or prepared to proceed with the financing proposal initially set out in their term sheet, and it had become apparent that other arrangements satisfactory to all parties concerned in the negotiations were unlikely to be concluded. In addition, Emgold learned of legal proceedings instituted against Dunn by a third party which Dunn had allegedly failed to finance after having entered into an agreement essentially the same as that initially proposed for Emgold. The claims made in the third party lawsuit appeared to be very serious, and after investigation Emgold considered that it would be dangerously imprudent to have any further dealings with Dunn. This conclusion was reinforced by information provided by other parties who also had prior dealings with Dunn.