Kenartha Oil and Gas Company Limited

March 22, 2010 09:00 ET

Kenartha Recieves Judgment in Litigation vs. Wolf Wiese & Associated Entities

TORONTO, ONTARIO--(Marketwire - March 22, 2010) - Kenartha Oil and Gas Company Limited (an OSC reporting issuer), is pleased to report the Ontario Superior Court of Justice ruled in favour of Kenartha as plaintiff in the litigation against Wiese Property Trust and 482018 British Columbia Ltd. and Mr. Wolf Wiese jointly as the defendants.

The Court Judgment noted that the defendants are in default and ordered the defendants to pay the sum of $150,000.00, plus prejudgment interest of $5,125.80, plus post judgment interest calculated pursuant to the Court of Justice Act, plus the costs of $1,000.00.

The litigation arose from the refusal of the defendants to honour an executed Promissory Note pledged as payment collateral for receiving 1 million shares of Millstream Mines Ltd. (TSX VENTURE:MLM) priced at $0.15 per share.

With Judgment awarded by the courts, Kenartha will aggressively seek restitution from the defendants Wiese Property Trust, 482018 British Columbia Ltd. and Mr. Wolf Wiese currently listed as the President, CEO of Golden Dawn Minerals.

Kenartha Oil and Gas Company Limited is a junior natural resource explorer and producer of natural gas ("NG") in southern Ontario, Canada. The Company has in production two (2) NG Wells (100% owned) in Wellington Township, Ontario, and has a 49% working interest in sixteen (16) producing NG Wells in Norfolk-Haldimand County, Ontario.

For further information please visit SEDAR.com and the Company's website at Kenartha.com.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

10,895,790 SHARES ISSUED

No regulatory authority or similar body approved nor disapproved the information contained herein.

Contact Information

  • Kenartha Oil and Gas Company Limited
    Mr. Ernest Harrison, EM, CEO
    705-474-7282
    705-474-5491 (FAX)
    ernie@kenartha.com
    or
    Kenartha Oil and Gas Company Limited
    Mr. Marty Martinello, B.A., V.P.
    705-474-7282
    705-474-5491 (FAX)
    or
    Kenartha Oil and Gas Company Limited
    Mr. Robert Chase, CFA, CFO
    416-368-9595
    416-368-6827 (FAX)
    rob@kenartha.com