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Gammon Gold INC.
Gammon Gold Announces the Dismissal of Villagomez El Cubo Claim
June 15th, 2008
Gammon Gold Inc. ("Gammon") (TSX:GAM and AMEX:GRS): is pleased to announce that the courts of the State of Guanajuato have dismissed a $13 million action brought against Metales, an inactive subsidiary of Gammon, initiated by Rafael Villagomez, a former 50% owner of the El Cubo mine which Gammon's wholly owned subsidiary, Mexgold Resources Inc., acquired in 2004. The Company has always steadfastly maintained that the action was without merit, a position that was upheld by the Court on May 21, 2008. The decision by the court to dismiss the action supports Gammon's strategy to vigorously defend itself against any claims that the Company feels are without merit. The...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-15)
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