Provided By Globe Newswire
Last update: Dec 2, 2021
OTTAWA, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces that it was notified late yesterday of a decision by Ecuador’s Constitutional Court upholding a lower court ruling that invalidated the environmental registration granted by the Ministry of Environment (ME) to Ecuador’s state mining company ENAMI EP for the initial (prior to drilling) exploration phase in the “Los Cedros” Protected Forest (Bosque Protector) at the Rio Magdalena project that forms 3 of the 9 concessions within the Cornerstone Ecuador S.A. (“CESA”) - ENAMI EP strategic exploration alliance (the “ENAMI-CESA SEA”) in Northwest Ecuador (See “About the ENAMI EP - Cornerstone Strategic Exploration Alliance (SEA)”, below), in which CESA has the option to earn up to an 84% interest.