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Gold/Mining/Energy : JAVA GOLD
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To: Bobby Yellin who wrote ()6/24/2000 8:39:00 AM
From: robingrayson  Read Replies (2) of 121
 
NEWS! COURT PROCEEDINGS START ON MONDAY IN MONGOLIA
On Monday the Arbitration Court of the Chamber of Commerce of Mongolian sits to consider a claim by Zaamar Goldfields Co. Ltd. (100% owned by Java Gold Corporation JVAG) against a private Mongolian company, Monpolimet.

Thanks to Siliconinvestor, several JVAG shareholders emailed and faxed letters to me. These have been swiftly translated into Mongolian, the validity of the translations duly notarised, and in the nick of time were accepted as evidence by the secretary of the Arbitration Court. Thanks everyone!

These statements alledge that Zaamar Goldfields Co Ltd has not submitted any accounts or information about their mining activity, or indeed about the dispute to the 100% owners, ie the shareholders of Java Gold Corporation. The validity of the supposed General Director of Zaamar Goldfields Co Ltd - USA citizen Harry Vassar - is also challenged as this is a matter for the owners to decide, and they have not even been notified.

The results of the Arbitration Court proceedings will be announced late on Monday (Mongolian time) or perhaps the next day. I will post on this string the result.

At last the shareholders of Java Gold Corporation are beginning to get some influence!

Robin Grayson
General Director of Eco-Minex International
(Mongolian-UK joint venture)
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