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Message: Farallon Announces Internet Defamation Case Award
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If you are interrested, Press release published by Farallon today.
http://www.farallonmining.com/fan/NewsReleases.asp?ReportID=396055
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Thu Apr 22, 2010 Farallon Announces Internet Defamation Case Award |
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$425,000 Awarded by The Supreme Court of B.C. April 22, 2010, Vancouver, BC -- Dick Whittington, President and CEO of Farallon Mining Ltd. ("Farallon" or the "Company") (TSX:FAN) is pleased to announce that on March 30th , 2010, Farallon Mining Ltd., Farallon's Chairman Ronald Thiessen and Hunter Dickinson Inc., were awarded a total of $425,000 in a defamation case brought by the Company against Mr. Robert Butler. Farallon Mining, on behalf of all the Plaintiffs, filed a lawsuit against Mr. Butler on October 5th, 2004 for posting various defamatory statements on the website at www.stockhouse.com. On March 30th, 2010, the Honourable Madam Justice Wedge of the Supreme Court of British Columbia, awarded each of the Plaintiffs general and punitive damages, while Mr. Thiessen was also awarded aggravated damages. The total damages awarded against Mr. Butler are $425,000. Madam Justice Wedge also awarded costs against Mr. Butler, as well as ordering a permanent injunction against him, restraining him from publishing any further defamatory statements against the Plaintiffs. The Plaintiffs intend to vigorously pursue enforcement of the Order against Mr. Butler to the full extent permitted under the law. Dick Whittington said: "This is amongst the highest awards of its kind in Canada and will hopefully restrain others from issuing unfounded defamatory statements against companies that are trying to legitimately create value for shareholders, stakeholders and mining communities around the world. Farallon has been the subject of defamatory allegations for some time and our intention has always been to expose those making these allegations and then apply the rules of law to seek compensation. I am very pleased that the Court has ruled so convincingly in our favour. Shareholders can be assured that we will continue to be vigilant in defending their interests against such libellous accusations in the future. We stated we would bring those involved to justice and while it has taken longer than anticipated, in the end, justice has prevailed." Further details of the Court Order are posted on the Company's website at www.farallonmining.com. The Company was represented in this action by Tom Hakemi of Hakemi & Company Law Corporation. Farallon operates the G-9 zinc mine on its Campo Morado Property in Guerrero State, Mexico. G-9 is a 1,500 tonnes per day, underground, zinc mine with important by-product credits of copper, gold, silver, and lead. The Company is targeting to produce at an annualized production rate of 120 million pounds of zinc and 15 million pounds of copper per year. For further details on Farallon Mining Ltd., please visit the Company's website at www.farallonmining.com or contact Neil MacRae, Investor Relations Manager, at (604) 638-2160 or within North America at 1-877-688-2050. ON BEHALF OF THE BOARD OF DIRECTORS J.R.H. (Dick) Whittington President & CEO No regulatory authority has approved or disapproved the information contained in this news release |
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