Euro Sun Mining Inc (TSX:ESM, OTC:CPNFF) has received a court ruling in regard to its Rovina Valley gold and copper project in Romania.
The Cluj-Napoca district court delivered a judgement requiring the company to re-apply for its Environmental Endorsement for Rovina Valley.
The court ruled that the environmental resources management certificate (ERM Certificate) issued by The Ministry of Environment was not valid at the time when the company’s environmental report was submitted for obtaining the Environmental Endorsement.
The company will not appeal this judgement and will now work on preparing new documentation for obtaining an Environmental Endorsement.
“Although the verdict delivered was disappointing, Euro Sun will now re-submit the necessary technical documentation,” said Grant Sboros, chief executive of Euro Sun Mining.
“The company had prepared contingency plans for this possible outcome and remains resolute that the necessary certification will now be processed in due course. I wish to again thank our shareholders and senior leadership for their ongoing support as we work tirelessly to deliver this exceptional and vital European project.”