Peru Mining

[Lone Clone]

Minera IRL: Arbitration Panel Rejects COFIDE’s Request To Modify Final Award

https://ca.finance.yahoo.com/news/arbitration-panel-rejects-cofide-request-221129525.html

GlobeNewswire•October 30, 2019

LIMA, Peru, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Minera IRL Limited ("Minera IRL" or the "Company") (BVL:MIRL; CSE:MIRL) is pleased to announce that the Court of Arbitration presiding over the Company’s dispute with Corporacion Financiera de Desarrollo (“COFIDE”) has issued a Decision rejecting COFIDE’s request to modify the Final Award that was originally issued by the Arbitration Panel. The Decision confirms the terms of the Final Award, which were described in detail in the Company’s press release of September 16, 2019.

COFIDE has the right to apply for annulment of the Final Award based on due process and formality grounds within 20 business days.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Minera IRL Limited
Gerardo Pérez
Chairman +51 1 418 - 1230

Diego Benavides +51 1 418 - 1230
Director and CEO

Carlos Ruiz de Castilla [phone]
CFO

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.