New Pacific Metals Corp.

 

News

New Pacific Metals Corp: Tagish Lake Gold Corp. Resolves Yukon Safety Violations


March 11, 2013

VANCOUVER, BRITISH COLUMBIA – March 11, 2013: New Pacific Metals Corp. (“New Pacific” or the “Company”) is pleased to announce that the Company’s subsidiary, Tagish Lake Gold Corp.’s (“Tagish Lake”) plea bargain in regards to three safety violations was accepted by the courts on March 4, 2013 in Whitehorse, Yukon and that Tagish Lake will pay a total fine of $24,150 (“Fine”).  All remaining charges were stayed.

While the Company and Tagish Lake are pleased to have the Fine resolved, Tagish Lake is still proceeding with litigation against its former general manager Mark Greasley, as set out in the notice of claim filed in Vancouver court on May 28, 2012 (“Notice of Claim”).  Mr. Greasley represented to Tagish Lake that he was a Professional Engineer in several provinces and territories and had many years project management experience; these representations were entirely fraudulent.  Mr. Greasley was never a Professional Engineer at any time or place.

Tagish Lake is suing Mark Greasley for damages of $1 million stemming from Mr. Greasley’s theft of Tagish Lake property, safety violations, fraudulent misrepresentation, and breach of contract, amongst other issues.  To date neither Tagish Lake nor the Company has been able to find Mark Greasley and Mark Greasley has not responded to the Notice of Claim.

About New Pacific

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604)669-9387
info@newpacificmetals.com
www.newpacificmetals.com

 

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