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Golden Birch Resources Announces Update to Status of Keveri Option Party
TIMMINS, ON / ACCESSWIRE / November 30, 2020 / Golden Birch Resources Inc. (CSE:GBRX) ("Golden Birch" or the "Company") announces that further to its announceme
About this update from Loyalist Exploration Limited
[{"type":"text","content":" TIMMINS, ON / ACCESSWIRE / November 30, 2020 / Golden Birch Resources Inc. (CSE:GBRX) (\"Golden Birch\" or the \"Company\") announces that further to its announcement on September 16, 2020,it has been informed that the parties to the action (the \"PMPL Action\") in the Western Australia Supreme Court have entered into a settlement agreement. The parties to the PMPL Action were a certain shareholder of Papuan Minerals Pty Ltd (\"PMPL\"), the Directors of PMPL, and PMPL itself. The Company is not a party to the PMPL Action and neither PMPL nor Papuan Minerals Ltd (\"PML\") is an affiliate of Golden Birch. Golden Birch is a party to an option agreement dated March 20, 2020 (the \"Option Agreement\") among PMPL and PML, a wholly‐owned subsidiary of PMPL and the holder of the exploration licences that make up the Keveri project (\"Keveri Project\"). Pursuant to the Option Agreement, Golden Birch holds the option to earn up to an 85% interest in PML. Golden Birch is continuing to seek further information and take legal advice on the matter and it will update the market on any relevant developments as required. The Company does not expect these legal proceedings will have a material impact on its exploration plans or commitment at the Keveri Project. About Golden Birch Resources Inc. Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea. Core values for the Company are respect for the community, the landowners, the environment and operating a safe workplace for its employees. The Company is also committed to best practise standards of corporate governance. For further information please visit the Company's website at www.goldenbirchresources.ca or contact: Golden Birch ResourcesIain Martin, Chief Administrative Officer (CAO)& Executive Director Yellow Jersey PR LimitedSarah HollinsHenry WilkinsonEmma Becirovic Tel: +1 (0) 705 288 [email protected] Tel: +44 (0) 20 3004 [email protected] Forward-Looking Statements Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This Press Release contains forward-looking statements that involve risks and uncertai...