Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (3588)	2/26/2014 1:32:06 PM
From: Goose94	Read Replies (1) \| Respond to of 202428

BLT-V Haywood big buyer.

To: Goose94 who wrote (3588)	6/12/2014 6:29:00 PM
From: Andrew~	Read Replies (2) \| Respond to of 202428

BLT-V Brilliant Proceeds to Arbitration Against the Government of Equatorial Guinea Brilliant Resources Inc. (TSX VENTURE:BLT) (the "Company" or "Brilliant") announces that, through its wholly-owned subsidiary, Ivory Resources Inc., it has submitted a Request for Arbitration against the Republic of Equatorial Guinea pursuant to the rules of arbitration of the International Chamber of Commerce and the air transported geophysical exploration services agreement between Ivory and the government of Equatorial Guinea (the "Exploration Services Agreement"). The arbitration has been commenced following the failure of the government of Equatorial Guinea to comply with the terms of the Exploration Services Agreement. As previously disclosed, the government of Equatorial Guinea has confirmed that Ivory Resources has met its obligations under the Exploration Services Agreement by performing an aerial survey of the Río Muni area of Equatorial Guinea, interpreting the geological results and carrying out related technical work (including a six week field program to validate the results of the survey). Having met its obligations under the Exploration Services Agreement, Ivory Resources is entitled to mining exploration concessions, chosen by it, covering 15% of the Río Muni area of the country. In addition, the survey results and related data, as well as the location of the selected concessions, remain subject to the confidentiality provisions of the Exploration Services Agreement. Notwithstanding the Company's repeated good faith attempts to work with the government of Equatorial Guinea to secure the mining contracts and concessions to which Ivory Resources is legally entitled, the government, in breach of its obligations, has failed to provide the selected concessions or to provide the Company with compensation in lieu thereof. Pursuant to the arbitration, Ivory Resources seeks damages, in the amount of US$80 million, for breach of the terms of the Exploration Services Agreement by the government of Equatorial Guinea.