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Article

4 Apr 2013

Author:
L. Arias, Ticotimes.net (Costa Rica)

Canadian firm threatens $1 billion lawsuit against Costa Rica

Infinito Gold Ltd…announces that on April 4, 2013 it has served notice to the Government of the Republic of Costa Rica…that Infinito considers the Republic to be in breach of the provisions of the Agreement Between the Government of Canada and the Government of the Republic of Costa Rica for the Promotion and Protection of Investments (the "Bilateral Investment Treaty"), in respect of the Republic's treatment of Infinito's investment in its subsidiary Industrias Infinito S.A. ("IISA") and the Las Crucitas mining concession held by IISA…By way of background IISA completed all the environmental, social and technical studies and obtained all approvals required under Costa Rican law to develop and operate the Las Crucitas Project…