Abitibi Royalties Files Injunction Against Osisko Mining Corporation for Enforcement of Its Contractual Rights
VAL-D'OR, QUÉBEC -- May 30, 2014- Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties") announces that it has filed a Motion with the Québec Superior Court to institute proceedings for the issuance of provisional, interlocutory and permanent injunction orders under Articles 110 and 751 et seq. of the Québec Code of Civil Procedure for the enforcement of its contractual rights under the joint venture arrangement between Abitibi and Osisko Mining Corporation to explore and develop a mining property known as the Malartic CHL Prospect in the Fourniere Township of Abitibi County, Québec, which they hold as undivided co-owners. The Motion is set to be heard on Friday May 30, 2014.
About Abitibi Royalties Inc.
Abitibi Royalties holds 100% title to the Luc Bourdon and Bourdon West Prospects in Ontario and a 30% free-carried interest on the Malartic CHL Property near Val-d'Or, Québec which is the object of a joint venture with Osisko. In addition, the Company holds a 2% net smelter royalty interest in one additional claim held by Osisko, and may acquire and generate other property and royalty interests.
Golden Valley Mines Ltd. holds an approximate 62.7% interest in Abitibi Royalties Inc.
Forward Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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Abitibi Royalties Inc.
Glenn J. Mullan
819-824-2808, x 204