VANCOUVER, Jan. 10 /CNW/ - CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML) today announced that Dumas Contracting Ltd. ("Dumas"), the
former mining contractor of the Company, has filed a statement of claim
for the amount of $7,128,383.01 against Crowflight. Dumas has also
placed a lien on the Company's Bucko mine. The Company will defend the
claim because significant amount of the claim is in dispute. While
pending a judicial resolution or settlement of the matter, all of the
amounts claimed have been or will be accrued and disclosed on the
Company's financial statements. Crowflight is currently seeking
additional financing in order bring all valid payables current. The
outcome of the lawsuit is not currently determinable.
About Crowflight Minerals Inc.
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company
that owns and operates the Bucko Lake Nickel Mine near Wabowden,
Manitoba. The Company also holds nickel, copper and Platinum Group
Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian
securities legislation. Forward-looking statements include, but are not
limited to, statements with respect to the outcome of litigation and
seeking additional financing and its likelihood of success. The Company
does not undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
SOURCE CROWFLIGHT MINERALS INC.
For further information:
Available on the Company's website atwww.crowflight.comor contact:
CFO and Corporate Secretary
|Tel:778-372-1806 Fax:604-254-8863 |