Soltera Mining Corp SLTA

Soltera Served With Lawsuit

[SigmaLamaque]

Does anyone know the status of this lawsuit?


https://ca.us.biz.yahoo.com/e/100804/slta.pk8-k.html

-Aug-2010

Other Events

Item 8.01. Other Events.

In July 2010 Soltera Mining Corp. was served with a lawsuit by Ambrian Resources AG. Ambrian is suing Soltera for damages on the alleged grounds that Ambrian had negotiated and finalized a binding funding agreement with Soltera during April-June 2010 but instead Soltera chose to enter a financing agreement with another company (Goldlake). Ambrian also claims that Soltera used a strategy developed by Ambrian and used information provided by a South African mining engineer who visited the project at Ambrian's expense. Ambrian is seeking damages in excess of $20 million dollars.

Soltera denies all claims in the lawsuit and has retained a Nevada litigator to defend the action brought against it by Ambrian in the State of Nevada. Soltera is also seeking to have the lawsuit dismissed on the grounds that there was no binding agreement with Ambrian.

[THEBIGWHEEL]

Its not going anywhere. there was no agreement. It says at the bottom of the post what SLTA is going to do. Regardless the work program will be announced soon as well as additions to the board and more money.

[GenXman]

That lawsuit is a joke..I think it will get trown out, but what caught my attention is the 20 million dollar number..The company must be sitting on a huge potential discovery. I just bought shares yesterday.GenX