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Infinito Gold Ltd V.IG.H

Alternate Symbol(s):  IGFFF

Infinito Gold Ltd. is a Canada-based development-stage exploration company. The Company is engaged in the acquisition, exploration and development of mineral interests primarily in Costa Rica. The Company was focused on its development activity on the Crucitas project located in Northern Costa Rica. The Company has no producing properties and generates no revenue. The Company's subsidiary is Industrias Infinito S.A.


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In: National »Events



CANADIAN MINING LAND SOLD IN THE COUNTRY AND WHAT NOT TO ANSWER

They keep hoping to collect damages Infinito Gold

• cancel the transfer will be sought


• It will take time and effort of the Attorney




September 16, 2015

12:01 am

Manuel Sancho





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Alvaro Sagot
Crucitas case
Edgardo Araya
on the front page
Industrias Infinito
Infinito Gold






The company cut down and paved the way for the mine, but never realized. (Report image Infinito Gold)
The company cut down and paved the way for the mine, but never realized. (Report image Infinito Gold)

Although the Canadian mining company Industrias Infinito had sold the farms in Costa Rica, which are left without assets to meet what should the country for environmental damage, the participant trial lawyer sees possibilities for a charge to the company.

Alvaro Sagot said that under a "good legal technique" is a liability that should be repaired in the same properties. This has been applied in other countries.

But also he said that when a company undergoes bankruptcy, as did the parent company Infinito Gold mining in Canada is marked that all transactions were dubious and can be overridden. You can also sue for that purpose.
https://www.crhoy.com/wp-content/uploads/2015/09/Alvaro-Sagot-Crucitas-0.mp3
READ: They claim that sells Industrias Infinito respond farms for environmental damage

The hearing to announce the decision on the payment of environmental damage should perform on Friday September 11. But one day before he was suspended, as the Attorney General's Office made a run to participate in the process the company that bought the farm in San Carlos.

The Court of Appeals must resolve. Meanwhile a new date is expected, but the process is extended further. In 2010 the Administrative Court annulled the mining concession and ordered it to pay environmental damages. He was also ordered the state and the National System of Conservation Areas (SINAC) in solidarity.

The experts had already marked that environmental damage, valued between 4 and 10 billion generated in 2 of the 5 farms. Sagot said the buyer chose to buy the farms, knowing there was a ruling that determined the responsibility.

But he did not hesitate to point to "bad faith" that sale, after the company representative said no hinder the execution of the sentence.
https://www.crhoy.com/wp-content/uploads/2015/09/Alvaro-Sagot-Crucitas-1.mp3
READ: Costa Rica asked to dismiss Mining Lawsuit Against Canadian Infinito Gold Country

Mockery of the Canadian company
The environmental lawyer Alvaro Sagot said that what less you have in Costa Rica is harmony with nature.
The environmental lawyer Alvaro Sagot, called for more action to the Attorney General. (File CRH)

Deputy Edgardo Araya, who was also counsel in the case in the past and in August denounced the sale of farms, reiterated that national legislation provides for the possibility to annul a transfer at certain times (such as when there are claims about a statement or bankruptcy). So go on sale this firm.

However he regretted that another process to abort, would take time and resources. The question is whether you can with an incident within the same file. While an amount already defined and if no payment, it could define the willingness to sell was not paid.
https://www.crhoy.com/wp-content/uploads/2015/09/Edgardo-Araya-Crucitas-1.mp3
The problem is to charge a company that does not exist, it has no offices and no goods now. "What is going to make you pay?" Said Araya. The legislator was even more pessimistic, because the mining company no longer has interests and nothing to lose.





He recalled that the courts were slow and now Infinito Gold is a landmark judgment in derision. The mining has other properties, but which has only right of use. He sold that business was complete.
https://www.crhoy.com/wp-content/uploads/2015/09/Edgardo-Araya-Crucitas-2.mp3
What else is there to answer a security deposit of $ 600 thousand, which gave Infinito Gold in 2007. The environmental lawyer Alvaro Sagot and reiterated that if there is the possibility of ordering the sale as a simulation. That means lifting the veil to meet the owners of the company that bought the farms.

But it was for the simple fact that environmental damage must be restored: the dilemma is that no one knows where. The other problem: the time, for delivery of the decision may be up within a year, according Sagot.



Written by Manuel Sancho |.. Manuel Sancho @ crhoy com | See all my news





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