Oceanagold Provides Update on Philippines Legal Proceedings

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[{"type":"text","content":"\n\n\n\nOceanagold Provides Update on Philippines Legal Proceedings\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\n\nCanada NewsWire\nMELBOURNE, July 12, 2020\n\n\n\n/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./\n MELBOURNE, July 12, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the \"Company\") wishes to provide an update on the status of legal proceedings in the Philippines.\nThe Company applied for an injunction in the Philippines Court of Appeals in July 2019 as a temporary measure to allow interim operations of the Didipio Mine while it challenges the legality of the order issued by the Governor of Nueva Vizcaya to restrain the activities of the Company pending renewal of the Financial or Technical Assistance Agreement (\"FTAA\"). \nThe Company has recently been made aware from social media that the Court of Appeals has denied its application for an injunction. The Company has not received any formal order from the Court of Appeals and is seeking confirmation. If the denial of the injunction is in fact accurate, the Company will continue to defend its right to operate the Didipio Mine in the interim whilst it completes the FTAA renewal process. To this end, OceanaGold intends to follow the usual appeal process with the Court of Appeals, and if necessary, to the Supreme Court of the Philippines. \nRegional Trial Court in Nueva Vizcaya\nThe Company's main petition in the Regional Trial Court in Nueva Vizcaya challenging the legality of the Governor's order is ongoing. Due to delays caused by the COVID-19 pandemic, the parties are still undergoing pre-trial conference. \nThe Company maintains authority over the Didipio Mine rests with the National Government. The Local Government Code of 1991 (Republic Act No. 7160) does not grant the power or authority to the Provincial Governor or any local government officer to restrain any aspect of the Didipio Mine operations.\nRenewal of the FTAA\nThe renewal of the FTAA is a separate and independent process which ...

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