Action Against Cassidy Dismissed With Costs
July 03 2009 - 3:35PM
Marketwired Canada
Cassidy Gold Corp. ("Cassidy") (TSX VENTURE:CDY) is very pleased to report that
the action initiated by Guinea Gold Mines ("GGM") S.A.R.L. in 2005 against
Cassidy has been dismissed, with Cassidy's costs to be paid by GGM after
assessment. Further details of the action are available in Cassidy's unaudited
interim financial statements for the period ended April 30, 2009 and filed on
SEDAR at www.sedar.com.
Jim Gillis, President of Cassidy, said: "We are extremely pleased with the
outcome of this action. It gives Cassidy certainty going forward and re-focuses
management's efforts to increase shareholder value. We thank all of our
shareholders for their patience over the years that it has taken to resolve this
matter with a successful outcome."
On behalf of the Board of Directors
Cassidy Gold Corp.
James T. Gillis, President & CEO
This press release may be accessed at Cassidy Gold Corp.'s website:
www.cassidygold.com and at www.sedar.com.
If you wish to be placed on Cassidy Gold Corp.'s e-mail press release list,
please contact us at cassidygold@telus.net.
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