ZAPOPAN, Mexico, Sept. 25, 2012 /PRNewswire/ — Minera San Jorge S.A de C.V. (MSJ) has announced a response to a September 21st press release from Bandera Gold Ltd., which questions the ownership of MSJ.
It is unfortunate that Bandera Gold Ltd. entered into an agreement with an individual formally associated with MSJ, who represented himself as legally authorized to conduct business on MSJ’s behalf. But is important to note that even a minimum amount of responsible due diligence on Bandera’s behalf would have verified the legal ownership of MSJ.
The fact is Mexico has a very organized business culture that is internationally recognized, and it is not difficult to contact the Public Registry of Property and Commerce in Mexico City (Registro Publico de la Propiedad y de Comercio) to verify corporate ownership and legal representation. Mr. George Salazar Barnett has had no involvement with MSJ since June 2011, and documentation to that fact have been notarized and registered in Mexico for well over a year. We have also provided a copy of these documents to the TSX Venture.
MSJ conducts business with a number of Canadian and American companies, and is concerned that our name is being used in a manner, which could affect MSJ’s current and future business relationships. We have instructed our legal counsel to investigate the matter, and begin proceedings to cease these activities immediately, as they relate to MSJ.
MSJ is not a publicly traded company, has no interest in Bandera Gold Ltd., and has no claim to the mineral concessions of either the Cinco Minas or Gran Cabrera properties, located in Jalisco, Mexico. Our sole objective is to protect the interest, integrity and image of Minera San Jorge S.A. de C.V.
Contact: Minera San Jorge S.A. de C.V. Jaime Arturo Anaya Trejo Tel: 011 (52) 333- 271- 8792 Email: [email protected]