- Claim by
Cominvi Servicios, S.A. de C.V. filed in the 12th District Court seated atHermosillo, Sonora, Mexico , claiming the amount of$US 5,085,972.35 . - Claim by Covoro Mining Solutions Mexicana,
S. de R.L. de C.V. filed in the 33rdOral Process Court of Mexico City, Mexico , claiming the amount of$US 1,275,563.59 . - Claim by
Sidney W. French, S.A. de C.V. , filed in the Second Court in Civil Matters of Gómez Palacio City,Durango, Mexico , claiming the amount of$US 129,702.38 .
Molimentales has also been notified of the commencement of an arbitration process with Peal México,
Molimentales is the owner and operator of the
Magna is a
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
Neither the
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plans". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, any potential impact of the civil claims and arbitration on shareholder value expectations, exploration and mine development plans, production (including gold production expectations and guidance), processing and mining, cost and cash flow expectations, as well as the outcomes of the litigation and arbitration. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, risks related to the effects of COVID-19 on the Company; and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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