Verdict on Euro Sun Mining’s Environmental Case Delivered
October 30 2023 - 6:00PM
Euro Sun Mining Inc., (TSX: ESM) (“
Euro
Sun” or the “
Company”) announces that the
Cluj-Napoca district court (the “
Court”) delivered
a judgement today requiring the Company to re-apply for their
Environmental Endorsement for the Rovina Valley Project (the
“
Project’).
The Court ruled that the Environmental Resources
Management’s certificate (“ERM
Certificate”) issued by The Ministry of
Environment was not valid at the time when the Company’s
environmental report was submitted for obtaining the Environmental
Endorsement.
The Company will not appeal this judgement and
will now work on preparing new documentation for obtaining an
Environmental Endorsement.
Commenting on this judgement, CEO of Euro Sun
Mining, Mr. Grant Sboros, said “Although the verdict delivered was
disappointing, Euro Sun will now re-submit the necessary technical
documentation. The Company had prepared contingency plans for this
possible outcome and remains resolute that the necessary
certification will now be processed in due course. I wish to again
thank our shareholders and senior leadership for their ongoing
support as we work tirelessly to deliver this exceptional and vital
European project.”
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed
mining company focused on the exploration and development of its
100%-owned Rovina Valley gold and copper project located in
west-central Romania, which hosts the second largest gold deposit
in Europe.
Further information:
For further information about Euro Sun Mining,
or the contents of this press release, please contact Investor
Relations at info@eurosunmining.com
Caution regarding forward-looking
information:
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the outcome of litigation with
respect to the Project; re-submission of technical documentation;
and development of the Project. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking information,
including risks inherent in the mining industry and risks described
in the public disclosure of the Company which is available under
the profile of the Company on SEDAR at www.sedar.com and
on the Company's website at www.eurosunmining.com. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
The TSX does not accept responsibility for the
adequacy or accuracy of this news release.
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