CALGARY, AB / ACCESSWIRE / April 22, 2021 / Jade Leader Corp. (TSXV:JADE) ("Jade Leader" or the "Company") is pleased to announce that it has reached a resolution with respect to a previously announced complaint filed against the Company (See Press Release NR 19-07 dated October 24, 2019).
As previously disclosed a complaint was filed against Jade Leader and certain affiliates. The dispute concerned ownership of some jade materials removed during the Company's 2019 trenching program.
The parties have signed an agreement to resolve their dispute. As part of the mutually agreed dispute resolution, the plaintiff has been paid a sum of money, which includes a payment from Jade Leader in the amount of US$22,500. As part of the agreement, the plaintiff will also transfer to the Company two placer claims, and relinquish his royalty interest in a lode claim previously sold to the Company.
On Behalf of the Board of Directors,
"Jean-Pierre Jutras"
Jean-Pierre Jutras,
President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Jade Leader's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Jade Leader. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Jade Leader's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Jade Leader's filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update these forward-looking statements.
SOURCE: Jade Leader Corp.