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Cornerstone Reports On Ecuador Constitutional Court Decision

Mining News - Published on Mon, 24 Jun 2019

Image Source: 8020 Connect
Cornerstone Capital Resources Inc reported that, further to its news release regarding a potential referendum on mining in four parishes in which its Cascabel joint venture with SolGold Pic and its strategic exploration alliance with Ecuadorian State Mining Company ENAMI EP are located, the decision of the Constitutional Court in Quito was issued.

Although, the full decision has not yet been published and analyzed by Cornerstone and its legal advisors, the holding of the Court has been released and can be summarized as follows:

By a unanimous unappealable decision, the Court ruled that the petition be dismissed because the question was not properly stated, that is , it was imprecise and failed to include, among other things, introductory recitals and failed to satisfy other Constitutional requirements. The Court did not enter into an examination of the merits of the case.

Source :

Posted By : Sanju Moirangthem on Mon, 24 Jun 2019
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