James Bay Resources Limited Announces Arbitration Decision
James Bay Resources Limited Announces Arbitration Decision
Toronto, Ontario--(Newsfile Corp. - April 29, 2022) - James Bay Resources Limited (CSE: JBR) ("James Bay" or the "Company") announced today that it has received the partial final award (the "Decision") from the International Court of Arbitration of the International Chamber of Commerce. James Bay, through its interest in Crestar Integrated Natural Resources Limited ("Crestar"), had participated in the arbitration hearing held in late January and early February, 2022. The arbitration had been initiated by The Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and Nigerian Agip Oil Company Limited (the "Claimants"), against Crestar in respect of an agreement for assignment dated July 3, 2014 (the "SPA") under which the Claimants agreed to assign their interest in Oil Mining Licence No. 25 ("OML 25") to Crestar. James Bay through Crestar had defended its rights under the SPA in the arbitration, and counterclaimed for damages incurred as a result of the Claimant's breaches under the SPA.
安大略省多倫多-(Newsfile Corp.-2022年4月29日)-James Bay Resources Limited(CSE：JBR) ("詹姆斯灣“或”公司“)今天宣佈，它已收到部分最終獎(”決斷“)由國際商會國際仲裁法庭裁決。詹姆士海灣透過其於Crestar綜合自然資源有限公司(”克瑞斯塔爾參加了2022年1月底和2月初舉行的仲裁聽證會。仲裁是由尼日利亞殼牌石油開發有限公司、Total E&P Nigia Limited和尼日利亞Agip石油有限公司(The申索人)，就一份日期為2014年7月3日的轉讓協議水療中心“)，據此，索賠人同意將其在第25號石油開採許可證中的權益轉讓(”OML 25“)致Crestar。James Bay通過Crestar在仲裁中捍衞了其在SPA下的權利，並反訴索賠人違反SPA造成的損害。
The Decision found for the Claimants, and James Bay is consulting with its legal counsel to determine whether there may be any basis to appeal the Decision.
這一決定對索賠人有利，James Bay正在諮詢其法律顧問，以確定是否有任何依據對該決定提出上訴。
About James Bay Resources Limited
關於詹姆斯灣資源有限公司
James Bay is a Canadian resource company with 54,014,068 shares outstanding and trades on the Canadian Securities Exchange under the symbol "JBR". Please visit the James Bay website at .
James Bay是一家加拿大資源公司，擁有54,014,068股流通股，在加拿大證券交易所交易，代碼為“JBR”。請訪問詹姆斯灣網站：。
Disclaimer
免責
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Corporation's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Generally, these forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of James Bay Resources Limited to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the Company's business generally risks related to operations, construction delays and cost overruns, the actual results of exploration, development and construction activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future commodity prices, as well as those factors discussed in the sections relating to risk factors of our business filed in James Bay Resources Limited's required securities filings on SEDAR. Although James Bay Resources Limited has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. James Bay Resources Limited does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
本新聞稿包括可被視為1995年美國私人證券訴訟改革法和適用的加拿大證券法所指的“前瞻性陳述”的某些陳述。前瞻性陳述包括但不限於有關公司的運營、勘探和開發計劃、擴張計劃、估計、預期、預測、目標、預測和對未來的預測的陳述。一般而言，這些前瞻性表述可以用前瞻性術語來識別，如“計劃”、“預期”或“不預期”、“預期”、“預算”、“預定”、“估計”、“項目”、“打算”、“預期”或“不預期”、“相信”或“這些詞語和短語的變體或陳述某些行動、事件或結果”可能“、”可以“、”可能“、”將“、”可能“，或“將被採取”、“發生”或“將被實現”。前瞻性陳述會受到已知和未知風險、不確定性和其他因素的影響，這些風險、不確定性和其他因素可能會導致詹姆斯灣資源有限公司的實際結果、活動水平、業績或成就與此類前瞻性陳述明示或暗示的內容大不相同，這些風險包括但不限於：與公司業務有關的總體風險、與運營有關的風險、施工延誤和成本超支、勘探、開發和建設活動的實際結果、經濟評估結論、隨着計劃的不斷完善而項目參數的變化、未來的大宗商品價格。, 以及在James Bay Resources Limited提交給SEDAR的規定證券備案文件中與我們業務風險因素相關的章節中討論的那些因素。儘管James Bay Resources Limited試圖確定可能導致結果與前瞻性陳述中包含的結果大不相同的重要因素，但可能存在其他因素導致結果與預期、描述、估計、評估或預期的結果大不相同。不能保證任何前瞻性陳述將被證明是準確的，因為實際結果和未來事件可能與此類陳述中預期的大不相同。因此，讀者不應過分依賴前瞻性陳述。詹姆斯灣資源有限公司不承諾更新本文引用的任何前瞻性陳述，除非符合適用的證券法。
For further information about James Bay, please contact:
欲瞭解更多有關詹姆斯灣的信息，請聯繫：
Stephen Shefsky
President and CEO
Tel: 416-366-4200
sshefsky@jamesbayresources.com
斯蒂芬·謝夫斯基
總裁兼首席執行官
電話：416-366-4200
郵箱：sshefsky@jamesbayresource ces.com
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