VANCOUVER, June 8, 2016 /CNW/ - Alternative Earth Resources Inc. ("AER") (TSX.V: AER) and Jaguar Financial Corporation ("Jaguar") today entered into an agreement that reaches a resolution of all matters in dispute between the parties. Under the arrangement, Jaguar agreed to sell its 18.5% investment in AER in a private sale and AER has agreed to waive certain costs awards made in favour of AER in connection with lawsuits Jaguar conducted against AER since December 2015, and to pay Jaguar $50,000.
Forward Looking Statements: This news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Forward-looking statements in this release include statements regarding the outcome of the legal proceedings.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Alternative Earth Resources Inc.
For further information: Information Contact: Brian D. Fairbank, P. Eng., President & CEO, http://www.alternative-earth.com, Telephone: 604-688-1553, Toll Free: 866-688-0808, Email: [email protected]; AER Investor Inquiries: Telephone: 604-688-1553, Toll Free: 866-688-0808, Email: [email protected]