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Strategies & Market Trends : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?

To: kirby49 who wrote (1686)	3/5/2002 3:16:05 PM
From: Al Collard	Respond to of 4470

IMG-t...in the news: Kinbauri completes action against Iamgold Tue 5 Mar 2002 News Release See Kinbauri Gold Corp (YKB) News Release Dr. Vern Rampton of Kinbauri reports ACTION AGAINST IAMGOLD COMPLETED MARCH 1, 2002 The damages portion of Kinbauri Gold's action against Iamgold Corp. was completed on March 1, 2002. Kinbauri presented evidence in support of a claim for $8.16-million to be assessed as of either December, 1993, or March, 1996, with prejudgment simple interest of 9.1 per cent per year, punitive damages of up to $2-million, legal and other fees of $416,000, plus costs. Iamgold presented evidence denying that Kinbauri suffered any damages, that Iamgold was responsible for fees totalling $416,000 and that Iamgold warranted assessment of any punitive damages against it. Justice Sedgwick of the Superior Court of Justice (Ontario) reserved judgement, but indicated that he would issue his judgement in the near future. Other matters were addressed by both parties at trial, but were for the most part peripheral to the main issues as above outlined. Kinbauri's action was due to a breach of contract by Iamgold in 1991. Kinbauri had previously received a favourable ruling from Justice Sedgwick on the liability portion of this action on May 31, 1999. This decision was upheld by the Ontario Appeal Court on Nov. 2, 2000. Leave to appeal the Ontario Appeal Court decision by Iamgold was dismissed by the Supreme Court of Canada on Sept. 13, 2001.