Patric Barry, President of Tiger International Resources, reports:
LAGUNA HILLS, CA / ACCESSWIRE / February 18, 2021 / (TSXV:TGR)(OTC PINK:TGILF) As previously reported, Tiger International lost control of its Philippine subsidiary named Cordillera Tiger Gold where a trustee named Stephen James Clayson holding Cordillera shares bribed another trustee to illegally convey his shares in Cordillera to Florellyn Munoz and Jerry Marave, surrogates of Clayson. Clayson then used those votes to appoint his board in an attempt to unlawfully seize control of the subsidiary, and thus the control of EP006 Cordillera Region which is a proven gold bearing property with an inferred resource that is documented in the 43-101 report you will find published on www.tigerresources.com. Cordillera is a holding company that holds 100% title to EP006 Cordillera Region.
Patric Barry retained a law firm in the Philippines to proceed against Clayson and his surrogates, and we have learned that the court granted a judgement in favor of the plaintiff and against Clayson, Munoz and Marave. ECR Minerals was a past joint venture partner which claimed it had earned a 25% equity in the project, and the court specifically instructed that no shares in Cordillera be issued to ECR Minerals.
EP006 has a renewal pending that allows further exploration for a two year period at the end of which a Declaration of Mining would be filed and for which an application for a mining license be applied.
The Philippines presently has an anti-mining administration, led by President Rodrigo Duterte, whose single term expires June 30, 2022. We cannot predict the policy of whoever might subsequently be elected, but since his anti-mining stand has created serious unemployment in the industry in the Philippines we are optimistic that his replacement will be more open to applications for responsible mining.
Tiger International Resources is a resource company listed on the TSX Venture Exchange, and has conducted past resource development programs in Australia, Myanmar, Philippines, Malaysia, Canada and the United States.
For information pertaining to this news release please contact Patric Barry, President of Tiger International Resources Inc. at (949) 362.1600 or email at info@tigerresources.com
SOURCE: Tiger International Resources Inc.
View source version on accesswire.com:
https://www.accesswire.com/630478/Tiger-Wins-Litigation-Recovers-100-of-Philippine-Gold-Project
