A small number of private citizens alleged that ‘new ecological factors’ had come to light which justified setting aside the existing EIA. The evidence relied upon by the activists included: (a) the disputed Report on the
In dismissing the Application, the Administrative Court was very clear that all environmental factors outlined in any of the evidence were not ‘new ecological factors’ and could not be a basis on which to set aside the existing EIA.
“We are thankful that the Armenian Judiciary has confirmed the validity of the EIA. This Application is yet another example of the continuing attempts to interfere with Lydian’s legal right to develop and operate the
“The Prime Minister has made numerous public statements affirming that there is no legal basis on which to prevent the Company from completing and operating the
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Lydian is a gold developer focusing on construction at its 100%-owned
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Caution regarding forward-looking information
Certain information contained in this news release is “forward looking”. All statements in this news release, other than statements of historical fact, that address events, results, outcomes or developments that the Company expects to occur are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “intends”, “anticipates” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “will”, “would”, “should”, or “occur” or the negative or other variations of such terms. Forward-looking statements in this news release include, among others, statements with respect to: the ability of the Company to resume construction and/or gain access to the
Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, without limitation: changes in gold and silver prices; adverse general economic, political, market or business conditions; failure to achieve the objectives of the future exploration and drilling programs; the speculative nature of mineral exploration and development; risks associated with obtaining and maintaining the necessary licenses and permits and complying with permitting requirements, including, without limitation, approval of the Armenian government and receipt of all related permits, authorizations or other rights, regulatory changes; as well as "Risk Factors" included in the disclosure documents filed on and available at www.sedar.com. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
Source:
2019 GlobeNewswire, Inc., source