Federal Court Leave Granted
29 Mayo 2007 - 2:00AM
UK Regulatory
RNS Number:3068X
Eurogold Limited
28 May 2007
EUROGOLD
L I M I T E D
(ACN 009 070 384)
28 May 2007 ASX & AIM Symbol "EUG"
On Friday 25 May 2007 the Federal Court of Australia dismissed a motion brought
by Oxus Gold Plc to revoke leave granted to Eurogold to serve its Court
proceedings, instituted before the Federal Court, on Oxus Gold Plc, in England,
and on Oxus (Malta) Limited, in Malta. Both Oxus Gold Plc and Oxus (Malta)
Limited, have been served with the documents instituting the proceeding.
The motion was brought on a number of grounds. They included a challenge to the
Federal Court's jurisdiction over the dispute and a claim that the Federal Court
was a clearly inappropriate Court to hear the dispute. The Court rejected Oxus
Gold's arguments.
Eurogold announced on 22 December 2006 that it had entered into an agreement
with IMF Australia whereby IMF would fund the litigation against Oxus Gold.
Peter Gunzburg
Chairman
For further information, please contact:
Peter Gunzburg - Managing Director - Ph: +61 8 9481 0572, Email:
peter@eurogold.com.au.
RFC Corporate Finance Ltd acts as Eurogold's Nominated Adviser
Contact: Stuart Laing - Ph: +61 8 9480 2506, Email: stuartl@rfc.com.au"
This information is provided by RNS
The company news service from the London Stock Exchange
END
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