Tuesday, March 17, 2009

Farallon Wins Appealed Decision In Wiltz Case Over Campo Morado Property

Farallon Resources Ltd. has announced that a lawsuit against it disputing ownership of Farallon's Campo Morado property has been dismissed by a Mexican appeals court. This decision is final, so ownership of the zinc-copper-lead-silver-gold project is now safely in Farallon's hands. The losing party was Wiltz Investment S.A. The news release has further details, as well as a statement from the CEO.

This item was released before trading began yesterday. At the close, Farallon was up a penny to 17.5 cents.

The company's Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

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