1. The Ontario Superior Judge of Justice froze
Wed
Kumtor mine.The Ontario Superior Judge of Justice froze Wed all dealings related to Canada’s
Centerra Gold (TSX:CG) shares possessed by the Kyrgyz govt.The injunction, sought by Stans
Energy (TSX-V:HRE), say the 47 thousand shares cannot be “sold, disposed, interchanged,
assigned, transferred, promised or encumbered,” until further notice.
The judgment is the outcome of the most newest fight in a war between Stans Energy and the
Kyrgyz govt regarding the disappropriation of its Kutessay II unusual earth venture. In any and
binding judgment last This summer, the Arbitration Judge at the Moscow Chamber of Commerce
and Industry had ordered the Kyrgyz govt to pay Stans Energy $118 thousand in compensation.
But as regulators have not shown much willingness to pay up, seizing the nation’s resources
abroad seemed to be the only option for Stans Energy to restore value for iCheap RS Gold,
Rodney Irwin, Interim Us president and CEO said in a declaration.Centerra Gold itself is entwined
in a protracted legal fight with the govt of Kyrgyzstan over control of the vast Kumtor start pit
gold mine.