June 20, 2013
Formation Metals Announces Dismissal of Dundee's Injunction Application
Vancouver, B.C., June 20, 2013, Formation Metals Inc. (FCO-TSX) (“Formation” or the “Company”) announces that the Supreme Court of British Columbia today dismissed Dundee Corporation’s (“Dundee”) application for an injunction to halt the potential sale of Formation’s Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex in Shoshone County, Idaho, to certain entities that are associated or affiliated with Waterton Global Resource Management, Inc.
Dundee sought only injunctive relief and did not proceed with its petition with respect to the issue of shareholder approval of any sale, nor leave to bring a derivative action. The Company will continue to vigorously oppose any further action taken by Dundee against the Company.
As per the Company’s June 14, 2013 news release, Formation considered the allegations made by Dundee publicly to be without merit, to be designed to disrupt the business of the Company and to be brought for collateral purposes related to Dundee’s previously announced intention to contest the election of directors at the upcoming Annual General and Special Meeting of the Company on June 21, 2013.
Formation Metals Inc.
For further information please contact:
E.R. (Rick) Honsinger, P.Geo., V.P. Corporate Communications
Formation Metals Inc., 1810 — 999 West Hastings Street, Vancouver, BC, V6C 2W2
Tel: 604-682-6229 - Email: firstname.lastname@example.org — Web: formationmetals.com
View the Previous
News Release:June 18th, 2013, Formation Metals Exposes Dissident Nominees' Governance and Compensation History and Lack of Relevant Experience
View the main News Releases
View the Next
News Release:June 21st, 2013, Formation Metals Announces Re-Election of Directors