Nippon Dragon Resources Inc. Defendant in Litigation
Brossard, Feb 1st, 2021 - Nippon Dragon Resources Inc. ("Nippon" or "NDR") (TSXV:NIP) reports that Mr. Donald Brisebois has initiated a lawsuit against Nippon Dragon Resources Inc. for wrongful dismissal and unpaid wages. He is also demanding that the Court issue a sublicense to him allowing him to use a technology which he claims was developed by him in the early 2000s. Nippon Dragon Resources Inc. denies the merits of the demands and allegations of Mr. Brisebois.
About Nippon
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds two gold properties, Rocmec 1 with resources recognised in accordance with NI43-101 and the Denain property. Nippon also has an exclusive license for the Thermal Fragmentation mining process.
Le présent communiqué est disponible en français site web de Ressources Nippon Dragon.
The company's growth strategy is based on:
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- The development of its gold deposits with the objective of producing revenue from its operations;
- Increasing the value of its mining assets by prioritizing its exploration targets; and
- The commercialisation and employment of its thermal fragmentation technology.
On behalf of the Board,
Fabien Miller, eng., M.Sc.
Board Member
514-892-1935
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Québec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com