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News Releases
| | June 04, 2008
100% Successful in Litigation
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| | Wallace, Idaho - June 4, 2008 - (Marketwire) - Sterling Mining Company (TSX:SMQ / OTCBB:SRLM / FSE:SMX) announces that the United States District Court in Idaho dismissed securities litigation brought by J.D. Christianson and related parties against Sterling and several directors. The Court had previously dismissed significant parts of the case, and after reviewing amended claims submitted by Christianson in response, dismissed the case in its entirety with prejudice.
Sterling interim President/CEO, Ken Berscht commented: "It is indeed satisfying that this litigation is over. Sterling and the named defendants vigorously challenged and defended this legal proceeding from the outset, and that defense has now been successful."
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SRLM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
FOR FURTHER INFORMATION, visit the Company's website at www.SterlingMining.com or contact:
Sterling Mining Company
Ken Berscht, President/CEO
(403)830-7566 or (208) 699-2503
Monique Hayes, Investor Relations
Tel: (208) 699-6097
To receive Sterling news via email, please email supertina@sterlingmining.com and specify "SMQ news" in the subject line.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings. |
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