Oracle Mining Successful in Lawsuit Defence
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2014) - Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX:OMN)(FRANKFURT:OMC) is pleased to announce that its legal counsel has successfully defended the Corporation from all claims brought against Oracle Mining by Axiom Capital Management, Inc. regarding a finder's fee arrangement.
The United States District Court Southern District of New York found in favour of Oracle Mining as to all claims. The parties are to bear their own costs.
Oracle Mining last updated shareholders on the litigation in its news release dated March 13, 2014 ("Oracle Mining files Annual Financial Results") and annual financial filings. At that time, management stated it believed it would succeed in defending itself against the claims.
About Oracle Mining Corp.
Oracle Mining Corp. (TSX:OMN)(FRANKFURT:OMC) is a Vancouver, Canada-based corporation that is the sole owner and operator of Oracle Ridge Mining, LLC and the Oracle Ridge copper project located 24 km northeast of Tucson, Arizona. Oracle Mining is managed by an experienced team of mining professionals with extensive operating and financial experience.
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