Mountainstar reviews Arizona court decision, may appeal
2012-07-18 18:44 ET - News Release
Mr. Brent Johnson reports
PIMA COUNTY, ARIZONA RULING (MSX)
Mountainstar Gold Inc., formerly known as Mountain-West Resources Inc., has reviewed the ruling on the court submission of May 14, 2012, of the court in Pima county, Arizona.
The Judge has ruled on all issues as follows:
1. Granted, the Motion to Dismiss on Henry Ranspot as he is not a citizen of Arizona. He
moved to Colorado in November 2011.
2. Granted, the Motion to Dismiss on Marisa Fitzgerald as she also in not a citizen of Arizona.
3. The Judge has found that our claims were adjudicated in Canada and are therefore barred by
res judicata.
4. The Trust is being administered in Washington State and thus is not subject to jurisdiction in
Arizona.
5. The claims against the Trust are barred by the four month statute of limitations for bringing
claims against the Estate.
The Company has a time window to file a Motion for Reconsideration or an Appeal.
Discussions with our attorney are ongoing and the Board of Directors will make a decision, in the short term, as to how we are going to proceed. We will advise shareholders in a timely manner.
Shareholders should keep in mind that the Company currently has an appeal in process in the Washington State Court of Appeals. This appeal should be ruled on before the end of August 2012. If favorable, this would make MSX an ascertainable creditor against the Fitzgerald, Goldstrike Living Trust. In our opinion, this would effectively negate whatever we continue to do in the Arizona courts.
Neither the Canadian National Stock Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
AI
