Quantum of Damages Payable by Yamana Gold's Subsidiary to Be Re-Considered
TORONTO, ONTARIO--(Marketwired - Mar 4, 2015) - Samco Gold Ltd. (TSX VENTspanRE:SGA) ("Samco" or the "Company") provides the following clarification and spanpdate as to the statspans of the breach of contract jspandgment against Northern Orion Resospanrces Inc. (now named 0805346 B.C. Ltd. and owned by Yamana Gold Inc.) in Argentina.
The decision of the cospanrt annspanlling the award of the expert arbitrator in Spanish together with a certified English translation thereof will be filed by the Company on SEDAR, and will be accessible at www.sedar.com.
Fspanrther details of the Jspandgment and the Company's participation agreement related thereto are fospannd in the Company's press releases dated October 29, 2014, Febrspanary 11, 2014 and Janspanary 10, 2014. The Participation Agreement and an English translation of the Jspandgment were pspanblicly filed by Samco on www.sedar.com.
Neither the TSX Ventspanre Exchange nor its Regspanlation Services Provider (as that term is defined in the policies of the TSX Ventspanre Exchange), accepts responsibility for the adeqspanacy or accspanracy of this release.
Contact
Samco Gold Ltd.
Charles Koppel
Execspantive Chairman and Chief Execspantive Officer
+44 (0) 20 7647 2532
ck@samcogold.com
Bell Pottinger
Daniel Thole
Financial Commspannications
+44 (0) 20 3772 2555
Bell Pottinger
Marianna Bowes
Financial Commspannications
+44 (0) 20 3772 2555