Sulliden Exploration Inc. ("Sulliden" or the "Company") (TSX:SUE - News) issues this statement in response to and to clarify the inaccurate and incomplete information in the press release issued by Century Mining Corporation ("Century") dated June 13, 2007.
Sulliden confirms that criminal complaints were filed in Peru in March 2007 against Orlando Sanchez Paredes, Orlando Sanchez Miranda, Jose Abanto Verastegui, Walter Valdez, Victor Raul Eyzaguirre and others, being all members of the so-called "Sanchez Paredes Group", for the commission of the crimes of aggravated dispossession, procedural fraud, ideological fraud and fraud in an administrative procedure, against Minera Sulliden Shahuindo and its estate, all in contravention of Articles: 197, 202, 204, 411, 416,and 428 of the Criminal Code of Peru and of illicit association to commit a crime in contravention of Article 317 of the Criminal Code of Peru.
The complaints, which are currently being investigated by the Fraud Division of the Special Police Operations of Criminal Investigations and Protection of Justice of Peru, and which have not yet been proven, were filed in March 2007 some weeks prior to Century's announcement of its agreement to purchase from the Sanchez Paredes Group certain companies involved in litigation with Sulliden, and relate to transactions involving the transfer of properties, the granting and foreclosure of mortgages, the payments and movement of money and an alleged conspiracy to commit a crime in relation to Sulliden's Shahuindo Property in Peru.
By buying these companies in Panama and paying $1,000,000 to the Sanchez Paredes Group, and agreeing to make further payments, Century has become involved in these transactions and in the Shahuindo litigation and the criminal complaints have therefore been extended to Century and certain of its executives.
Sulliden will make no further comment on these ongoing criminal complaints and proceedings.
Source : biz.yahoo.com
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