Brief: Pasinex Announces Filing Of Court Action

Pasinex Resources

01/07/2022 22:22

July 1 (Reuters) - Pasinex Resources Ltd  PSE.CD :
    * PASINEX ANNOUNCES FILING OF COURT ACTION
    * PASINEX RESOURCES LTD- MINING MINISTRY IN TURKEY, HAVE NOT
EXTENDED PRINCIPAL MINING OPERATIONAL LICENSE OF HORZUM AS
BEYOND APRIL 15, 2023
    * PASINEX RESOURCES LTD- MINING MINISTRY IN TURKEY, HAVE NOT
EXTENDED AKKAYA OPERATIONAL EXPLORATION LICENSE OF PASINEX ARAMA
AT THIS TIME
    * PASINEX RESOURCES LTD- PASINEX ARAMA AND HORZUM AS HAVE
EACH
FILED A COURT ACTION IN ADANA, TURKEY CHALLENGING DENIAL OF
LICENSE EXTENSIONS
    * PASINEX RESOURCES LTD- MINING OPERATION IN HORZUM AS, WITH
ABOUT
125 EMPLOYEES AND CONTRACTORS, WILL CONTINUE AS USUAL DURING
PERIOD OF DISCUSSIONS
    * PASINEX RESOURCES- PASINEX HAS NOT BEEN PROVIDED REASONS
WHY
LICENSES HAVE NOT BEEN EXTENDED, WILL WORK WITH OFFICIALS OF
MAPEG TO NEGOTIATE SOLUTIONS

Source text for Eikon:  ID:nGNX3QsdtZ 
Further company coverage:  PSE.CD 

 ((Reuters.Briefs@thomsonreuters.com;))