Dominion Lending Centres Clearlease Reports El Nino Ventures Inc. (TSXV:ELN) wins court decisions in DRC; stock up sharply on TSX Venture

Dominion Lending Centres Clearlease Reports El Nino Ventures Inc. (TSXV:ELN) wins court decisions in DRC; stock up sharply on TSX Venture

VANCOUVER – (April 12, 2011) Clearlease.com Reports a court in the Democratic Republic of the Congo has rendered two decisions in favour of El Nino Ventures Inc. (TSXV:ELN) in a civil case brought against businessman Georges Kavvadias and his GCP Group, the company said Monday.

Stock in the Vancouver-based exploration-stage miner, trading in which had been halted pending the announcement, later soared more than 24 per cent, or 3.5 cents to 18 cents on the TSX Venture market.

In its first decision, the DRC’s Tribunal de Grande Instance declared null and void the minutes of a meeting in which Kavvadias appointed himself manager of Infinity Resources SPRL, a joint venture company held 70 per cent held by El Nino and 30 per cent by GCP.

In the second decision, the court removed Kavvadias as manager of Infinity Resources and appointed an interim manager in order to call a shareholders’ meeting within two weeks of the parties being notified of the judgments in order to appoint the new managers of Infinity, El Nino said.

In both cases, Kavvadias was ordered to pay damages to El Nino, operators of the joint venture, and all costs.

Infinity is involved in development of the Kasala project, one of the first new greenfield copper discoveries in the last 10 years in this area of the central African copper belt.

Last year, El Nino accused Kavvadias and GCP Group of fraud, fraudulent misrepresentation, misappropriation off funds and breach of agreement in the Supreme Court of British Columbia and sought damages of US$850,000.

In January, El Nino said it had received notice from the B.C. court the its claims were to be decided through arbitration and at the time expected to go into arbitration in February.

“Following these (DRC) decisions, the company is working with its legal counsel to finalize the appointment of the arbitrator and set a series of dates for the steps to be taken in the conduct of the arbitration and to pursue its claims against Georges Kawadias and his company GCP Group here in Canada, through the process of arbitration,” it said Monday.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Dominion Lending Centres Clearlease Reports El Nino Ventures Inc. (TSXV:ELN) wins court decisions in DRC; stock up sharply on TSX Venture

VANCOUVER – (April 12, 2011) Clearlease.com Reports a court in the Democratic Republic of the Congo has rendered two decisions in favour of El Nino Ventures Inc. (TSXV:ELN) in a civil case brought against businessman Georges Kavvadias and his GCP Group, the company said Monday.

Stock in the Vancouver-based exploration-stage miner, trading in which had been halted pending the announcement, later soared more than 24 per cent, or 3.5 cents to 18 cents on the TSX Venture market.

In its first decision, the DRC’s Tribunal de Grande Instance declared null and void the minutes of a meeting in which Kavvadias appointed himself manager of Infinity Resources SPRL, a joint venture company held 70 per cent held by El Nino and 30 per cent by GCP.

In the second decision, the court removed Kavvadias as manager of Infinity Resources and appointed an interim manager in order to call a shareholders’ meeting within two weeks of the parties being notified of the judgments in order to appoint the new managers of Infinity, El Nino said.

In both cases, Kavvadias was ordered to pay damages to El Nino, operators of the joint venture, and all costs.

Infinity is involved in development of the Kasala project, one of the first new greenfield copper discoveries in the last 10 years in this area of the central African copper belt.

Last year, El Nino accused Kavvadias and GCP Group of fraud, fraudulent misrepresentation, misappropriation off funds and breach of agreement in the Supreme Court of British Columbia and sought damages of US$850,000.

In January, El Nino said it had received notice from the B.C. court the its claims were to be decided through arbitration and at the time expected to go into arbitration in February.

“Following these (DRC) decisions, the company is working with its legal counsel to finalize the appointment of the arbitrator and set a series of dates for the steps to be taken in the conduct of the arbitration and to pursue its claims against Georges Kawadias and his company GCP Group here in Canada, through the process of arbitration,” it said Monday.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Dominion Lending Centres Clearlease Reports El Nino Ventures Inc. (TSXV:ELN) wins court decisions in DRC; stock up sharply on TSX Venture

VANCOUVER – (April 12, 2011) Clearlease.com Reports a court in the Democratic Republic of the Congo has rendered two decisions in favour of El Nino Ventures Inc. (TSXV:ELN) in a civil case brought against businessman Georges Kavvadias and his GCP Group, the company said Monday.

Stock in the Vancouver-based exploration-stage miner, trading in which had been halted pending the announcement, later soared more than 24 per cent, or 3.5 cents to 18 cents on the TSX Venture market.

In its first decision, the DRC’s Tribunal de Grande Instance declared null and void the minutes of a meeting in which Kavvadias appointed himself manager of Infinity Resources SPRL, a joint venture company held 70 per cent held by El Nino and 30 per cent by GCP.

In the second decision, the court removed Kavvadias as manager of Infinity Resources and appointed an interim manager in order to call a shareholders’ meeting within two weeks of the parties being notified of the judgments in order to appoint the new managers of Infinity, El Nino said.

In both cases, Kavvadias was ordered to pay damages to El Nino, operators of the joint venture, and all costs.

Infinity is involved in development of the Kasala project, one of the first new greenfield copper discoveries in the last 10 years in this area of the central African copper belt.

Last year, El Nino accused Kavvadias and GCP Group of fraud, fraudulent misrepresentation, misappropriation off funds and breach of agreement in the Supreme Court of British Columbia and sought damages of US$850,000.

In January, El Nino said it had received notice from the B.C. court the its claims were to be decided through arbitration and at the time expected to go into arbitration in February.

“Following these (DRC) decisions, the company is working with its legal counsel to finalize the appointment of the arbitrator and set a series of dates for the steps to be taken in the conduct of the arbitration and to pursue its claims against Georges Kawadias and his company GCP Group here in Canada, through the process of arbitration,” it said Monday.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



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