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Tamerlane Updates Los Pinos Peruvian Property Legal Developments; Shares Up 22%

Tamerlane Ventures Inc. (TAM.V) reported favourable developments in the company's efforts to regain undisputed control over its Los Pinos copper deposit in Peru, which has been falsely claimed by a former general manager.

The Peruvian prosecutor has filed charges of forgery and giving a false statement with regards to the company's Peruvian subsidiary, which owns the Los Pinos mineral concessions in southern Peru.

The company says it will take the judgement to the civil courts to obtain orders verifying that the company is the true, exclusive and complete owner of its Peruvian subsidiaries and the Los Pinos mining concessions.

TAM shares gained a penny to $0.055.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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