Sierra Metals Inc. (TSX:SMT,BVL:SMT) reported a positive development in its legal process with Polo y Ron Minerals. The company received a ruling from a Federal Court in the State of Chihuahua stating that Sierra is entitled to receive proper notice of the adverse resolution that was previously issued by the State Court of Chihuahua.
As quoted in the press release:
This is an important procedural step that allows the Company to proceed with its appeal (writ of “amparo”) of the State Court’s previous resolution. The adverse resolution has been temporarily suspended since March 2013, which suspension will remain in place pending the writ of amparo. The amparo will be heard in Federal Court and will challenge the State Court’s ruling. The Federal Court’s verdict in the amparo will be final and non-appealable.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|