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Goldgroup Announces Filing of Request for Arbitration with the International Centre for Settlement of Investment Disputes
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2023) - Goldgroup Mining Inc. (TSX: GGA) ...
About this update from Goldgroup Mining Inc.
[{"type":"text","content":"Goldgroup Announces Filing of Request for Arbitration with the International Centre for Settlement of Investment DisputesVancouver, British Columbia--(Newsfile Corp. - March 6, 2023) - Goldgroup Mining Inc. (TSX: GGA) (OTC Pink: GGAZF) (BMV SIX: GGAN.MX) (\"Goldgroup\" or the \"Company\") hereby announces that, through its wholly owned subsidiary Goldgroup Resources, Inc., it has filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes (\"ICSID\") against the United Mexican States.The Company has been engaged in a legal dispute with DynaResource, Inc. in the Mexican courts regarding its subsidiary's investment in DynaResource de Mexico, S.A. de C.V. The litigations have lasted for ten years, without relief. The treatment and inaction by the Mexican courts have resulted in a judicial expropriation of its subsidiary's investment in DynaResource de Mexico, S.A. de C.V. and a denial of justice in breach of Mexico's obligations under the North American Trade Agreement (\"NAFTA\"). The Company, through its subsidiary, is seeking damages as a result of Mexico's breaches of NAFTA. About GoldgroupGoldgroup is a Canadian-based gold production, development, and exploration Company with a significant upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San José de Gracia located in the State of Sinaloa. In addition, the Company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico. Goldgroup's mission is to increase gold production, mineral resources, profitability and cash flow, with a view to building a leading gold producer.For further information on Goldgroup, please visit www.goldgroupmining.com.On behalf of the Board of DirectorsInvestor Relations Toll Free: 1-877-655-ozAu (6928)This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jur...