American CuMo Mining Announces Receivership Application Delayed

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) announced that the British Columbia Supreme Court Judge has adjourned the hearing to appoint a receiver-manager for CuMoCo. The decision comes at the request of legal counsel for International Energy & Mineral Resources Investment (Hong Kong) Company Limited.

As quoted in the press release:

Legal counsel for IEMR HK applied for an adjournment following the filing by the Company of affidavits that presented substantial evidence that contradicted the affidavits presented on behalf of IEMR HK by Mrs. Fu, the wife of Hongxue Fu, ex-chairman, ex-president, and currently a director of the Company and the controlling person of IEMR HK and by Charles Yuen, ex vice-president and currently a director of the Company. Legal counsel for IEMR HK requested the adjournment in order to obtain an affidavit from Hongxue Fu himself, who is currently in China. The Company will continue to defend itself from this lawsuit that IEMR HK filed the same day the voting results were revealed at the shareholder-requisitioned general meeting of shareholders held on July 22, 2014.

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