Nov. 9, 2010 (Canada NewsWire Group) --
TSX, ASX: AVM
Common shares outstanding 150.4 million
All amounts are expressed in US dollars, unless otherwise stated.
MONTRÉAL, Nov. 9 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM), ("Anvil" or the "Company") announced today that a group of NGO's calling itself the Canadian Association Against Impunity, comprised of the groups Rights and Accountability in Development, the Canadian Centre for International Justice and Global Witness has commenced a class action against Anvil in a Montréal court. The action appears to be supported by two Congolese advocacy groups: ASADHO and ACIDH.
The action is apparently based upon an incident at Kilwa in the northeast part of the Katanga Province of the Democratic Republic of Congo ("DRC"), which occurred in 2004. Over the past several years, the incident and Anvil have been subject to numerous investigations and court proceedings both in and outside the DRC. No findings adverse to Anvil or any of its employees have arisen in respect of the Kilwa incident in any of the foregoing.
Anvil has not had the opportunity to review the allegations in detail but intends to defend itself.
The shares of Anvil Mining Limited are listed for trading on the Toronto Stock Exchange (as Common Shares) and the Australian Securities Exchange (as CDIs) under the symbol AVM. For further information on Anvil, please refer to the Anvil website at www.anvilmining.com.
Caution Regarding Forward Looking Statements: This news release contains "forward-looking statements" and "forward-looking information", based on assumptions and judgements of management regarding future events and results. Such "forward-looking statements" and "forward-looking information" include, but are not limited to, statements and information regarding the Company's intended response to the class action commenced in Québec. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "is expecting", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anvil and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information.
|Philippe Monier |
Vice President Corporate & CFO
Tel: (Office) +61 (8) 9481 4700
(Cell): +61 488 776798 (Cell)
Email: email@example.com (Perth)
|Robert La Vallière|
Vice President Corporate Affairs
Tel: (Office) +1 (514) 448 6664
+1 (514) 944 9036
Email: firstname.lastname@example.org (Montréal)