C2C Gold Corporation Inc. ("C2C")(TSX VENTURE:CCN) announces that arbitration
proceedings must be initiated to force profit sharing in connection with its
Joint Venture gold mine in Ecuador. C2C estimates that it is owed $200,000 per
month, for a total of $1,200,000.


C2C is presently devoting all available resources to the resolution of this
impasse. C2C is actively insuring that the terms of its Joint Venture agreement
are upheld and has sought local legal representation.


This situation will most likely have direct implications on current financing
facilities which C2C was currently negotiating with Swiss investors regarding a
gold loan.


About C2C

C2C is an active gold producer working in south western Ecuador through a Joint
Venture exploiting the Paraiso-Pambil gold mine-mill complex.


Forward-looking statements contained in this press release involve known and
unknown risks, uncertainties and other factors that may cause actual results,
performance and achievements to be materially different from any future results.


Number of issued and outstanding shares: 103,404,344

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Kaizen Discovery, Inc. (TSXV:CCN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Kaizen Discovery, Inc. Charts.
Kaizen Discovery, Inc. (TSXV:CCN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Kaizen Discovery, Inc. Charts.