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Eco Oro Minerals Responds to Communication of Colombian Constitutional Court
Eco Oro Minerals Responds to Communication of Colombian Constitutional Court Eco O...
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":"\n\n\n\nEco Oro Minerals Responds to Communication of Colombian Constitutional Court\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nEco Oro Minerals Responds to Communication of Colombian Constitutional Court\nCanada NewsWire\nVANCOUVER, Feb. 9, 2016\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES./\n\n\n\nVANCOUVER, Feb. 9, 2016 /CNW/ - Eco Oro Minerals Corp. (\"Eco Oro\" or the \"Company\") (TSX: EOM) announces that the Colombian Constitutional Court has issued Communication No. 4 of 2016 dated February 8, 2016 (the \"Communication\") (available at http://www.corteconstitucional.gov.co/). The Communication informs the public that certain provisions of Law 1753, 2015, known as the \"National Development Plan\", are unconstitutional. The National Development Plan, among other things, defines the existence of areas that may be excluded from mining activities, including páramo ecosystems. While the Communication is indicative of what the ruling may state, the Court has yet to formally issue its ruling in accordance with applicable statutes.\n\nEco Oro will await the Constitutional Court's ruling, which is expected to take up to three months, and will not comment on the substance of Colombian media reports or the Communication until such time as the ruling is formally issued and notified. The Company will work with its advisors to assess the potential impact of the ruling on Eco Oro and its assets. As significant developments occur and further information becomes available, Eco Oro will provide updates by way of news release. In the meantime, any views regarding the impact of the Constitutional Court's ruling on Eco Oro or its assets should be regarded as speculative. To the extent that there is any prejudice to Eco Oro or its assets, the Company will take all steps necessary to protect its legal rights.\n\nCompany Profile\n\nEco Oro Minerals Corp. is a publicly-traded precious metals exploration and development company with a portfolio of projects in Colomb...