North American Gem Inc. Responds to Lawsuit issued by Kentucky Mining Partners LLC (KMP)

Industrial Metals

North on American Gem Inc. (CVE:NAG) reports a lawsuit by Kentucky Mining Partners, LLC (KMP) issued on March 17th 2011 in the Eastern District of Kentucky, United States District Court (Federal Court).

North on American Gem Inc. (TSXV:NAG) reports a lawsuit by Kentucky Mining Partners, LLC (KMP) issued on March 17^th 2011 in the Eastern District of Kentucky, United States District Court (Federal Court).

The press release is quoted as saying:

KMP mined approximately 2,400 tons of coal during their time as operator on the Jamieson mine. The relationship between KMP and NAG US was announced to the market April 8^th 2010. NAG US chose to discontinue the relationship with KMP after coal purchasers refused the last 1,000 tons of mined coal. KMP felt that their quality of work was standard and that they unjustly enriched NAG US and that NAG US unfairly ended the joint venture relationship.

Click here to access the entire news release.

Click here to access North American Gem’s company profile.

joint venture lawsuit tsxv:nag united states Coal Investing