Settlement Agreement Reached on Baja Class Action Litigation
VANCOUVER, BC--(Marketwired - October 06, 2015) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) is pleased to report it has reached a settlement of the Donohue class action litigation, which is conditional on formal documentation being executed and approval of the court. The settlement is made without any admission of liability. Further details of the settlement will be provided after documentation has been formally executed.
Tom Ogryzlo, Interim CEO stated, "The resolution of this litigation when finalized will remove a heavy burden that Baja has carried for the past 3 ½ years. A final settlement will enable Baja to seek a much broader scope of opportunities for creating value for its shareholders."
For further information, please contact Baja's Interim CEO Tom Ogryzlo at 604 685 2323 or via email at info@bajamining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on forward-looking statements. Additional risks and uncertainties can be found in the Company's reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis. Forward-looking statements are given only as at the date of this press release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.