VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2013) - American CuMo Mining Corporation (TSX VENTURE:MLY)(OTCQX:MLYCF) (formerly Mosquito Consolidated Gold Mines Limited) ("CuMoCo") announces that it has been served with a Notice of Civil Claim by Bill Jefferies, CuMoCo's former Chief Financial Officer, Corporate Secretary and director, relating to management fees that Mr. Jefferies has claimed are owed to him in the amount of $107,509.70.
CuMoCo is currently undergoing a detailed financial review of the activities of past management of the Company, including Mr. Jefferies, and will file a response to the claim shortly.
In other news, CuMoCo is pleased to announce that it has signed a one year contract with The Investing News Network ("INN") to assist CuMoCo with communicating its exciting story to investors, shareholders and other interested parties. INN is a rapidly growing network of focused publications, committed to creating an environment where sophisticated investors can understand and connect directly with trusted companies.
CuMoCo continues to be focused on advancing its CuMo Project towards feasibility and establishing itself as one of the largest and lowest-cost molybdenum producers in the world as well as a significant producer of copper and silver. With a professional, dedicated team and new funding in place, management is confident that it is on the path of realizing the potential of the CuMo Project.
On behalf of the Board of Directors of American CuMo Mining Corporation
Shaun Dykes, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.