AIMR Aim Res.

    RNS Number : 1067Y
  AIM Resources Limited
  02 July 2008
   

    AIM RESOURCES LIMITED 

    2 JULY 2008

    AIM AND NORTH SOUND AGREE TO END LITIGATION


    AIM Resources Limited ("AIM Resources" "the Company") (ASX:AIM;AIM:AIMR) today announced that it has resolved the litigation which North
Sound Legacy International Ltd ("North Sound") commenced late last year in the Federal Court of Australia against AIM Resources, seeking
access to certain books and records of AIM Resources.

    Recently, AIM Resources has announced a number of significant management changes and has also achieved a major milestone in the
development of the Perkoa Zinc Project in Burkina Faso, through the commencement of the underground decline. As noted in AIM Resources'
announcement to the AIM Market on 21 May 2008, this marks a key transition as the project develops into a mine.

    In recognition that the interest of AIM Resources and its shareholders are best served by allowing the Company to focus on continuing to
meet its goals, North Sound and AIM Resources have agreed to terminate the litigation with immediate effect.


    Should you require further information please contact:

    Bill Cash
    Managing Director
    Ph: + 61 2 9357 9000

    Fiona Owen
    Grant Thornton UK LLP 
    Ph: +44 20 7383 5100




    www.aimresources.com.au


This information is provided by RNS
The company news service from the London Stock Exchange
 
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