{kanada_flagge}Portofino Resources (TSX-V: POR; OTCQB: PFFOF; FWB: POTA) continues to fight for its rights to the Yergo lithium salar in Argentina. Now, the company has successfully obtained an injunction from the Mining Court of Catamarca Province against Fabian Bertetto, the optionor of the Yergo project in Catamarca, Argentina. The court-ordered injunction was filed with the Provincial Ministry of Mines.
{kanada_flagge}Portofino Resources (TSX-V: POR; OTCQB: PFFOF; FWB: POTA) continues to fight for its rights to the Yergo lithium salar in Argentina. Now, the company has successfully obtained an injunction from the Mining Court of Catamarca Province against Fabian Bertetto, the optionor of the Yergo project in Catamarca, Argentina. The court-ordered injunction was filed with the Provincial Ministry of Mines.
The granting of this injunction by the court means, first of all, that the judge in charge considers prima facie that Portofino’s arguments and claims are adequately founded under Argentine law. Therefore, Bertetto, the optionor, is legally prohibited from entering into any form of alternative transaction with respect to the Yergo project.
Portofino CEO David Tafel comments, “The granting of this injunction confirms that Bertetto’s termination may be invalid and that he may have breached the terms of the Yergo agreements. Our counsel in Buenos Aires and Catamarca have presented substantial evidence in the injunction action that Portofino worked diligently and in good faith to explore, finance and develop the Yergo project with Bertetto’s full support. We expect further court orders in the near future and will continue to defend the Company’s interests and the substantial investments of our shareholders.”
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