Canasil denies Pan American is suing the company
CANASIL RESOURCES Inc. has become aware of media reports appearing in Stockwatch and Street Wire concerning an action commenced against it by Pan American Silver Corp. with regard to a March 24, 2009, option agreement on the Escobar property in Durango state, Mexico.
Canasil has not been served with the action as this matter is currently under discussion between the parties. Should Canasil be served with the action, it will vigorously defend it.
About Canasil Resources Inc.
Canasil is a Canadian mineral exploration company with a strong portfolio of 100-per-cent-owned silver-gold-copper-lead-zinc projects in the Durango and Zacatecas states, Mexico, and in British Columbia, Canada. The company’s directors and management include industry professionals with a record of identifying and advancing successful mineral exploration projects through to discovery and further development. The company is actively engaged in the exploration of its mineral properties and maintains an operating subsidiary in Durango, Mexico, with full-time geological and support staff for its operations in Mexico.
We seek Safe Harbor.
Arthur Charles Freeze, Alvin William Jackson, Iain Fair MacPhail, Michael Douglas McInnis, Bahmanyar Yamini
(CLZ) Shares: 101,897,372