HMZ Metals Inc.

HMZ Metals Inc.

July 18, 2007 16:30 ET

HMZ Launches Legal Action

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - HMZ Metals Inc. ("HMZ" or the "Company") (TSX:HMZ) announced today that the People's High Court, Guangxi Province, PRC has accepted its application to proceed with legal action against HMZ's joint venture partner; Hechi Industrial Co. Ltd ("Hechi").

This court action is launched in response to unauthorized actions by Hechi on behalf of HMZ's majority owned joint venture company; Guangxi Guanghe Metals Co. Ltd. ("GGM"). After substantial efforts to find an acceptable business solution, court action has become the only viable option for HMZ to seek restitution from Hechi.

HMZ has retained a Chinese consulting group to facilitate the above action and is confident of a positive resolution.

Contact Information

  • HMZ Metals Inc.
    Kerry Smith
    (416) 214-3270
    (416) 214-3276 (FAX)