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Eco Oro Prevails on Liability in Claim Against Colombia
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Press Release - MINING COM
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Eco Oro Prevails on Liability in Claim Against Colombia
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POCML 5 Announces Update to Proposed Qualifying Transaction in Collective Mining Inc.
POCML 5 Announces Update to Proposed Qualifying Transaction in Collective Mining Inc.
TORONTO, Jan. 21, 2021 As previously announced on November 30, 2020, POCML 5 Inc. (TSXV: PCML.P) (the “Company” or “POCML5”) entered into a binding letter agreement setting out the general terms of a business combination with Collective Mining Inc. (“Collective”), a privately held arm’s length company incorporated under the
Business Corporations Act (Ontario). Collective is a privately‐held exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds a 100% interest in two projects located in Colombia: (i) the San Antonio project (the “San Antonio Project”); and (ii) the Guayabales project (the “Guayabales Project”). The San Antonio Project is comprised of a 1,664-ha contiguous mining title located in a
Gabriel Resources Ltd. Corporate Update
to
announce the appointment of three new independent non-executive directors to the Board of Directors of the Company ( Board ) effective immediately. In addition, the Company is pleased to report the final decision of Romania s supreme court upholding the annulment of a value added tax assessment levied against Ro?ia Montana Gold Corporation S.A. ( RMGC ), Gabriel s majority-owned indirect Romanian subsidiary.
Appointment of New Board Members
The new appointees to the Board are Mr. Jeffrey Couch, Ms. Anna El-Erian and Mr. James Lieber.
Following these appointments, the Board is composed of seven members, of which three are independent directors. The new Board members will work with Gabriel s existing Board and Management team as the Company advances its arbitration case against the Government of Romania before the World Bank s International Centre for Settlement of Investment Disputes ( ICSID Arbitration ).