Zenyatta Ventures Ltd,; Motion for Injunction by First Nation Community Adjourned to May 20 While Drilling Continues
May 12 2011 - 9:07AM
Marketwired
Zenyatta Ventures Ltd. (TSX VENTURE: ZEN) ("Zenyatta" or "Company")
announces that the Motion for Injunction by Constance Lake First
Nation ("CLFN") in Ontario Superior Court on Friday April 29 was
adjourned until Wednesday May 11 and is adjourned again until
Friday May 20. In the meantime, the Judge has ordered that CLFN,
Zenyatta and Ontario ("Crown") carry on further consultation while
drilling continues on the current claim blocks. Discussions between
Zenyatta, CLFN and the Crown took place on May 5 and 6 and will
continue this week. Under the Court Order, Zenyatta can move a
drill to another specified claim block if it desires. The Court
expects that CLFN will have completed its archaeological report and
traditional practice consultation respecting all sites for
Zenyatta's current exploration program by May 20. If the parties do
not reach a consensus in the interim, the Motion for an Interim
Injunction will be argued on Friday May 20 before Justice Lederman
in Ontario Superior Court.
Zenyatta remains committed to on-going good faith dialogue with
the Crown and CLFN respecting the community's concerns but will
defend its rights and interests. The Company's Board and management
are optimistic that an agreement can be reached with CLFN.
To find out more on Zenyatta Ventures Ltd., please visit our
website at www.zenyatta.ca.
This news release may contain forward-looking statements and is
subject to a variety of risks and uncertainties that could cause
actual events or results to differ materially from those projected
in the Company's forward-looking statements and expectations. The
forward-looking information contained herein is given as of the
date hereof and the Company assumes no responsibility to update or
revise such information to reflect new events or circumstances,
except as required by law.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Zenyatta Ventures Ltd. 807-346-1660 info@zenyatta.ca
www.zenyatta.ca
Zentek (TSXV:ZEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zentek (TSXV:ZEN)
Historical Stock Chart
From Jul 2023 to Jul 2024