SPOKANE VALLEY, Washington, Feb. 9 /CNW Telbec/ - Revett Minerals Inc.
(RVM-TSX) ("Revett" or "the Company") announced today that a legal action
related to an accident at Troy that resulted in a fatality on July 30th, 2007
was filed on June 20th, 2008 and served on the Company last week. The action
alleges causes of action based on negligence, failure to provide a safe place
to work, strict liability for abnormally dangerous activity and intentional
and malicious acts and omissions and seeks compensatory damages in the amount
of US$ 8 million and punitive damages in the amount of US$ 10 million. The
Company is consulting with its attorneys and will vigorously defend itself
against the action.
Except for the statements of historical fact contained herein, the
information presented in this press release may contain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements include but are not limited to the
outcome of the recently served legal action against the Company which is
uncertain and could materially impact our financial condition. Actual results
and developments could be affected by our challenging working capital position
and our inability to continue to fund operations, as well as those factors
discussed in the section entitled "Risk Factors" in the Form 10 filed with the
Securities and Exchange Commission and Canadian securities regulatory
authorities. Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
For further information:
For further information: John Shanahan, CEO, or Doug Ward, VP Corporate
Development, (509) 921-2294; www.revettminerals.com