Business
Goldgroup Responds to News Release
VANCOUVER , June 24, 2013 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (...
About this update from Goldgroup Mining Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, June 24, 2013 /CNW/ - Goldgroup Mining Inc. (\"Goldgroup\" or\n the \"Company\") (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has read the news\n release (the \"Release\") disseminated by DynaResource, Inc. (\"Dyna\")\n dated June 21, 2013.  The Release references an Exploitation Amendment\n agreement between Dyna's 100%-owned subsidiary, Mineras de DynaResource\n S.A. de C.V. (\"Mineras\") and DynaResource de Mexico, S.A. de C.V.\n (\"DynaMexico\"). Goldgroup has not consented to this agreement and\n believes this represents a conflict of interest, among other things,\n because it is a contract between related parties, without the knowledge\n or consent to such an agreement by all of the DynaMexico shareholders,\n of which Goldgroup is a 50% holder and was not approved by the\n disinterested of the directors of DynaMexico.\n\n\nGoldgroup will be taking action to defend its interests from the items\n outlined in the Release and intends to pursue all of its legal rights\n and remedies.\n\n\nAbout Goldgroup\n\n\nGoldgroup is a Canadian-based gold production, development, and\n exploration Company with significant upside in a portfolio of projects\n in Mexico, including its flagship 100%-owned advanced stage gold\n development project Caballo Blanco in the state of Veracruz, and a 50%\n interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of\n the high-grade gold exploration project, San José de Gracia located in\n the state of Sinaloa. The Company also operates its 100%-owned Cerro\n Colorado gold mine in the state of Sonora.\n\n\nGoldgroup is led by a team of highly successful and seasoned individuals\n with extensive expertise in mine development, corporate finance, and\n exploration in Mexico. Goldgroup's mission is to increase gold\n production, mineral resources, profitability and cash flow, building a\n leading gold producer in Mexico.\n\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION \n\n\nCertain information contained in this news release, including any\n information relating to future financial or operating performance, may\n be considered \"forward-looking information\" (within the meaning of\n applicable Canadian securities law) and \"forward-looking statements\"\n (within the meaning of the United States Private Securities Litigation\n Reform Act of 1995). These statements rela...