Business
Goldgroup Obtains Injunction Against DynaResource, Inc.
VANCOUVER , Jan. 14, 2014 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (...
About this update from Goldgroup Mining Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, Jan. 14, 2014 /CNW/ - Goldgroup Mining Inc. (\"Goldgroup\" or\n the \"Company\") (TSX:GGA) (OTC:GGAZF) (BMV SIX:GGAN.MX) announces that\n it has obtained an injunction against the 300 new shares purportedly\n issued by DynaResources de México, S.A. de C.V. (\"DynaMex\") in favor of\n DynaResource, Inc. (\"DynaUSA\") (OTCQB:DYNR) from a Federal Judge of the\n Mexican Court.  The injunction freezes the shares pending trial\n regarding DynaMex's issuance of the new shares.  Before the new shares\n were purportedly issued, Goldgroup was a 50% shareholder in DynaMex,\n the company that owns the San José de Gracia high-grade gold project in\n Sinaloa, Mexico.  DynaUSA was a 49% shareholder, and Koy Wilber\n Diepholz (\"Diepholz\"), DynaUSA's Chairman, Chief Executive Officer and\n Treasurer, held the remaining 1% interest.\n\n\nOn May 17, 2013 DynaMex held an extraordinary shareholders meeting (the\n \"Meeting\") without following the proper legal process or providing the\n correct notification to Goldgroup.  The Meeting was, apparently,\n attended by representatives of DynaUSA.  Goldgroup did not attend as it\n was not properly notified of the Meeting.\n\n\nIn the Meeting, DynaUSA and Diepholz purported to approve the financial\n statements for the year ended December 31, 2012, which included\n unaudited accounts payable amounts which were to the benefit of DynaUSA\n and were never approved by Goldgroup.  In the Meeting, DynaUSA and\n Diepholz purported to increase DynaMex's equity by means of\n capitalization of the aforementioned accounts payable and purported to\n issue 300 new shares of DynaMex in favor of DynaUSA.\n\n\nGoldgroup considers that such a meeting was in violation of a number of\n legal requirements, including but not limited to, the bylaws of\n DynaMex, the capitalization of debt (accounts payable) without the\n prior approval of the Financial Statements of the company and by voting\n such capitalization by a shareholder (DynaUSA) for its own benefit. \n Under Mexican Law, parties with a conflict of interest must abstain\n from voting in such a manner.  As a result of such a capital increase,\n DynaUSA has attempted to dilute Goldgroup's ownership in DynaMex,\n purporting to become the owner of 80% of DynaMex.\n\n\nDue to the foregoing, Goldgroup init...