Adamus Resources Limited - Hightime Claim
PERTH, Western Australia, March 28 /CNW/ --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
PERTH, Western Australia, March 28 /CNW/ - Adamus Resources Limited (ASX
and TSXV: ADU) advises that it has been served with a writ filed by
Hightime Investments Pty Ltd (Hightime) in the Supreme Court of Western Australia. Hightime is controlled by
Mr Robert Gardner. Hightime and Mr Gardner (and associated entities)
are shareholders of Adamus.
The writ relates to an alleged arrangement entered into in April or May
2003 under which Hightime asserts that it allowed the Company to apply
for, and obtain, an exploration licence over ground near the Southern
Ashanti geological belt in Ghana.
The Company believes that Hightime's claim has no merit and it will be
vigorously defended.
(signed)
Ian Cunningham
COMPANY SECRETARY
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that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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For further information regarding this announcement please contact Ian Cunningham, Company Secretary at 61 8 9322 5943