American CuMo Settles Case with Previous Management American CuMo Mining Corporation (TSXV MLY,OTCQX MLYCF)

Copper Company News Return to Copper Company News Directory American CuMo Settles Case with Previous Management Monday January 12, 2015, 11:35am PST

 American CuMo (TSXV:MLY,OTCQX:MLYCF) announced that it had reached out of court settlements with previous management in a variety of suits filed between the two parties. No details of the settlements will be released. The company also announced it will hold its annual general meeting on February 27, 2015 at a yet to be determined location.

According to the press release:

CuMoCo also announces that it will hold its Annual General Meeting (AGM) on Tuesday February 27, 2015 at 10 am PST at a location to be announced. The Company had received approval last year to postpone its AGM, usually held in December, given the Company held a special extraordinary meeting in late July of 2014. The extra time allows any potential financing arrangements that would require shareholder approval to be included in the agenda.

Shaun Dykes, president and CEO, said:

The settlements allow the Company to move forward without the distractions of these legal actions, which would have taken years and substantial funds to resolve.

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