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Friday 03rd of September 2010
Wednesday, April 16, 2008

Aurora Metals lawsuit settlement agreement with Trend Mining Company

Aurora Metals lawsuit settlement agreement with Trend Mining Company

Aurora Metals (BVI) Limited has entered a settlement agreement (the “Settlement Agreement”) with Trend Mining Company (Trend) regarding the lawsuit filed in the Montana 22nd Division District Court and the Joint Venture Agreement between the Company and Trend on the Company’s Montana properties. The Company filed the lawsuit to obtain a judicial confirmation that the Joint Venture Agreement was terminated and to quiet title to the properties in the Company.

Pursuant to the Settlement Agreement Trend has agreed that the Joint Venture Agreement has been terminated and Trend has released any claim of interest in and to the Company’s property. The pending litigation on the Joint Venture Agreement and the properties will be dismissed and deemed fully and finally settled.

Cameron Richardson, President and CEO of Aurora Metals, commented, we are pleased to have resolved the litigation and to quiet title to the properties.

Aurora Metals is a mineral exploration and resource-related company focusing on the exploration and development of its Montana properties.

 

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