MainstreamMinerals Corp. Files Lawsuit Against Champagne Resources Limited

29.04.2014  |  Marketwired

TORONTO, Apr 29, 2014 - Mainstream Minerals Corp. (TSX VENTURE:MJO) ("Mainstream" or the "Company") announces that it has received notice from Champagne Resources Limited ("Champagne") that Champagne has terminated the amalgamation agreement (the "Amalgamation Agreement") dated March 12, 2014, between Mainstream, Champagne and a wholly-owned subsidiary of Mainstream pursuant to which Mainstream intended to acquire all of the issued and outstanding shares of Champagne.

Mainstream has filed a lawsuit in the Ontario Superior Court of Justice against Champagne and its directors alleging that Champagne and its directors are in breach of the terms of the Amalgamation Agreement. Mainstream is, among other things, seeking specific performance under the Amalgamation Agreement.


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This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



Contact

Mainstream Minerals Corp.
David Reid, President & Chief Executive Officer
705.254.8303
dave@grgibson.com