International Energy & Mineral Resources Investment (Hong Kong) Company Limited

July 17, 2014 20:23 ET

IEMR HK Comments on News Release Issued by American CuMo Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 17, 2014) - International Energy & Mineral Resources Investment (Hong Kong) Company Limited ("IEMR HK"), a shareholder of American CuMo Mining Corporation ("American CuMo"), wishes to respond to the press release issued by the certain shareholders of American CuMo on July 15, 2014.

IEMR HK strongly disagrees with the statements contained in the press release. The facts discussed in the press release are highly disputed and are the subject of ongoing litigation that IEMR HK has brought against Shaun Dykes, a Director of American CuMo.

IEMR HK has been accused by certain shareholders of acting in a conflict of interest. This is nonsense. IEMR HK is owed money by the Company and is entitled to protect its interests as a secured creditor. American CuMo, in breach of the terms of the loan and security agreements, disposed of assets without the consent of IEMR HK and has committed other acts that are events of default under the loan and security agreements.

IEMR HK considers many of the comments made in the shareholders press release to be inaccurate and improper and is reviewing its legal remedies in respect of the inaccurate and misleading statements.

Contact Information

  • Hongxue Fu
    +86 1380 107 5088