QUEBEC CITY, QUEBEC--(Marketwired - June 3, 2014) - Clifton Star Resources Inc. ("Clifton Star") (TSX VENTURE:CFO)(FRANKFURT:C3T) has filed today in the Quebec Superior Court, legal proceedings against Osisko Mining Corporation ("Osisko"), to claim damages sustained by Clifton Star.
The damages claimed are related to a contract signed between the parties that included a $22.5 Million loan facility that Clifton Star formally requested from Osisko, in November 2012, in order to pay an option payment on the Duparquet Property. The credit facility was not made available by Osisko at that time and discussions between the parties have failed to resolve the dispute since then.
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