Veris Gold Corp. Granted Provisional Relief in the United States

About this update from Volcanic Gold Mines Inc.

Toronto Stock Exchange: VG VANCOUVER, July 24, 2014 /CNW/ - Veris Gold Corp. ("Veris" or the "Company") (OTCQB: YNGFF) has been granted provisional relief under Section 1519 of the Bankruptcy Code in the United States as of July 23, 2014. This ruling recognizes the Canadian proceeding of Companies' Creditors Arrangement Act ("CCAA") and as a result protects the assets of the Company and the interests of the creditors until such time as a ruling on the Petition for Recognition and Chapter 15 Relief is granted. All inquiries regarding Veris' CCAA proceedings should be directed to the Monitor, Ernst & Young: Mr. Rocky Ho at (604) 891-8425. Information about the CCAA proceeding, including copies of all court orders and the Monitor's reports, is available at the Monitor's website: www.ey.com/ca/verisgold. About Veris Gold Corp. Veris Gold Corp. is a growing mid-tier North American gold producer in the business of developing and operating gold mines in geo-politically stable jurisdictions. The Company's primary assets are the permitted and operating Jerritt Canyon processing plant and gold mines located 50 miles north of Elko, Nevada, USA. The Company's primary focus is on the re-development of the Jerritt Canyon mining and processing plant. The Company also holds a portfolio of precious metals properties in British Columbia and the Yukon Territory, Canada, including the Ketza River Property. On behalf of "VERIS GOLD CORP." François Marland President and CEO To be added to the Veris Gold e-mail list please sign up at www.verisgold.com. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. All material information may be accessed at www.sedar.com. Forward-Looking Statements This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the operations at Jerritt Canyon, the interpretation of those results, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects, "is e...

View stock analysis, news, and events for Volcanic Gold Mines Inc.