Tarnished Crow - Going, Going Gone... Looks like GP has lost its chance to stop Waterton from seizing the 30% interest in Mineral Ridge. Just wonder if they are still trying to remove Scorpio as operator? LOL
Scorpio will hopefully bid for the 30% interest in MR.
Golden Phoenix Minerals, Inc. ("Golden Phoenix" or the "Company") (OTCBB: GPXM) announced today that on April 26, 2012, the Court denied the Company's request for a preliminary injunction to stop the foreclosure and sale of the Company's 30% interest in the Mineral Ridge Gold, LLC, the joint venture entity that owns and operates the Mineral Ridge Gold Project in Nevada.
The balance of the issues in the lawsuit including conversion of property, accounting, breach of the covenant of good faith, fair dealing, and others are now ready to move forward through the normal litigation process, and the Company intends to prosecute the case vigorously to obtain the full benefit of all legal rights and remedies for its shareholders.