KIRKLAND LAKE, ON, Dec. 20 /CNW/ - GLR Resources Inc., (GLE: CNSX) has been advised that the Action By GLR Resources was served to Brigus on the December 9, 2010 and they have not yet responded to GLR on this action. GLR'S solicitor has advised that Brigus have until December 29, 2010 to service a notice of intent to defend or a statement of defense.
Commenting on the action Robert Kasner President and CEO of GLR stated " It is interesting that Brigus has not released a press release of the action against them by GLR".
GLR is a Canadian-based junior mining and exploration company focused on existing projects in Ontario and Quebec. GLR is listed for trading on the Canadian National Stock Exchange (the "CNSX") under the trading symbol "GLE".
The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.
This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that GLR believes, expects or anticipates will or may occur in the future including, without limitation, statements relating to GLR's prosecution of its action against Brigus are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of GLR based on information currently available to GLR. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of GLR to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on GLR. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, unforeseen events, costs and/or complications in the litigation process and the uncertainty of a favourable decision being rendered inherent in the litigation process generally.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, GLR disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although GLR believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information: For further information: