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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Comment by sailor8on Oct 11, 2023 8:11pm
102 Views
Post# 35679776

RE:Gabriel

RE:GabrielThanks Max Book for the Gabriel hint.

Here the news release text about it. Just as an example (markings added by me). It took more than 8 years ICSID time to this point...

---------

Proceedings In ICSID Arbitration Case with Romania Closed By Tribunal

V.GBU | September 15, 2023

LONDON, UK / ACCESSWIRE/ September 15, 2023 / Gabriel Resources Ltd. (TSXV:GBU - "Gabriel" or the "Company") announces that the arbitral tribunal (the "Tribunal") in the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") declared the proceedings closed in accordance with Rule 38(1) of the ICSID Arbitration Rules on September 14, 2023.
 
The Company initiated the arbitration before ICSID in July 2015 under the Canada-Romania and UK-Romania bilateral investment treaties following Romania's unlawful refusal to permit the Ro?ia Montana mining project in Romania.
 
According to Rule 46 of the ICSID Arbitration Rules, the Tribunal must issue its final decision to the parties within 120 days of the closure of the proceedings. However, the Tribunal is permitted to take a further 60 days if it is otherwise unable to draw up the Award in such timeframe.
 
Dragos Tanase, Gabriel's President and Chief Executive Officer, stated, "The closure of the proceedings by the ICSID tribunal is a welcome development and signals the end of the parties' presentation of their case and the tribunal's determination that it does not require any further information from the parties. Gabriel now awaits receipt of the tribunal's decision."
 
For information on this press release, please contact:
 
Dragos Tanase
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