GREY:OREAF - Post by User
Comment by
phoenix_traderon Jun 09, 2023 1:13pm
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Post# 35488791
RE:OREA Release
RE:OREA ReleaseThe OREA PR is siient on the French Supreme Court appeal decision. I believe the lower courts ordered daily penalties payable to OREA by the French government of $10-20k Euros from 2021 to now. That might solve the working capital situation.
Vancouver, BC, Canada, May 10, 2022, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) reports that it was informed that the Supreme Court of France (Conseil d’Etat) has admitted the final appeal of the French Government on the renewal of the Montagne d’Or project mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc (the “JV”). As announced on October 7, 2021, the French Government filed a request before the Supreme Court to hear a final appeal on the renewal of the Montagne d’Or project mining titles, which are renewable for a term of up to 25 years. Two French courts previously ruled in favor of the JV and ordered the renewal of the mining titles. Additional updates will be provided by Orea when available.