Arbitration Panel Rejects COFIDE’s Request To Modify Final Award
LIMA, Oct. 30, 2019 - Minera IRL Ltd. ("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 Ltd.
Gerardo Pérez
Chairman +51 1 418 - 1230
Diego Benavides +51 1 418 - 1230
Director and CEO
Carlos Ruiz de Castilla +1 778 387 5434
CFO
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