Zone Resources Inc. V.ZNR

Dispute

[SUCYN]

 

Zone Resources receives claim dispute notice

2012-08-29 16:08 ET - News Release

 

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Mr. Archie Boyce reports

ZONE RECEIVES NOTICE OF POTENTIAL DISPUTE ON LABRADOR TROUGH CLAIMS

Zone Resources Inc. has been notified by a third party about a potential dispute over certain claims pertaining to the company's Labrador Trough iron properties in the Nunivik region of Northern Quebec.

Subsequently, the company has received confirmation from the vendor and the staker of the claims that the agreements previously executed are in full force and effect. Based on the facts as the company understands them, the company believes that the third party claim is without merit and is prepared to defend its position.