UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 30, 2016
DOMINION MINERALS CORP.
(Exact Name of Registrant as Specified in Charter)
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Delaware (State or other jurisdiction of incorporation) | 000-52696 (Commission File Number) | 22-3091075 (IRS Employer Identification #) |
410 Park Avenue, 15h Floor, New York, NY 10022 (Address of Principal Executive Office) |
(732) 536-1600
(Registrants telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On March 30, 2016, Dominion Minerals Corp (the Company) issued a press release (the Press Release), a copy of which is attached hereto as Exhibit 99.1 and the contents which are incorporated herein by this reference.
In accordance with General Instruction B.2. of Form 8-K, the information contained in the Press Release shall not be deemed Filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed a determination or an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Dominion Minerals Corp dated March 30, 2016
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| DOMINION MINERALS CORP. | |
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| By: | /s/ Diego E. Roca |
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| Diego E. Roca, Chief Financial Officer |
Dated: April 5, 2016
Dominion Minerals Commences Legal Action Against Republic of Panama
NEW YORK, March 30, 2016 / -- Dominion Minerals Corporation (Dominion) is pleased to announce that yesterday, lawyers from Akin Gump Strauss Hauer and Feld, LLP (Akin Gump) filed a Request for Arbitration against the Republic of Panama (Panama) on Dominions behalf. This request was filed with the Secretary-General of the International Centre for Settlement of Investment Disputes (ICSID) under the terms of the U.S.-Panama Bilateral Investment Treaty (the U.S.-Panama BIT). The Request for Arbitration is the result of a longstanding dispute arising from Panamas expropriation of Dominions substantial investment in the Cerro Chorcha mining concession.
The Request for Arbitration sets forth Dominions claims as follows:
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Panamas actions amounted to an expropriation of Dominions investment within the meaning of Article IV of the U.S.-Panama BIT, as they had the effect of depriving Dominion of all or substantially all of its investment in Cerro Chorcha; and
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Panamas actions breached its obligations under Article II of the U.S.-Panama BIT to accord fair and equitable treatment to Dominion with respect to its investment in Cerro Chorcha.
Dominion has been in discussions with Panama since 2010 to attempt to resolve this dispute. Panama has, however, refused to acknowledge its expropriation of Dominions investment, much less pay Dominion adequate and effective compensation. It is for these reasons that Dominion today files its Request for Arbitration. Dominion refuses to stand idly by and allow such abuses of state power, and the accompanying unjust enrichment, to go uncontested.
Dominion is a New York-based copper and gold exploration company with substantial investments in Panama. Dominion first entered the Panamanian market in 2007, encouraged by the Panamanian governments policies aimed at fostering mining activities in some of the largest untapped copper deposits in the world. Between 2007 and 2010, Dominion invested significantly to explore the Cerro Chorcha mining concession in Panama, which was held by Cuprum Resources Corp., a Panamanian corporation which is 100% owned by Dominion. During the course of its exploration, Dominion discovered commercial quantities of a high-grade deposit of copper, gold and silver. The Panamanian Government subsequently took actions that expropriated Dominions investment in the concession without any compensation.
Such actions by the Government of Panama have resulted in various breaches of the U.S.-Panama Bilateral Investment Treaty, resulting in the total loss of Dominions investment, and causing it tremendous economic harm. Dominion presently estimates that it has suffered damages in an amount not less than USD 268.3 million.
For further information or for a summary of Dominions dispute, along with a copy of the Request for Arbitration please contact:
Michael Stepek, Partner at Akin Gump in the Geneva, Switzerland office (mstepek@akingump.com, +41-22-888-2021).
About Dominion Minerals Corp.
Dominion Minerals Corp. is a Delaware corporation engaged in the acquisition, exploration, development and operation of mineral and natural resource properties and prospects, with the Cerro Chorcha Project in Panama as its flagship project.
For more information please visit http://www.dominionminerals.com
Forward-Looking Statement Disclaimer
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties. There can be no assurance statements will prove to be accurate and actual results and future events could differ materially from anticipated in such statements.
Dominion Minerals Corp. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation.
Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. In addition, the Company's business and operations are subject to the risks set forth in the Company's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. The Company assumes no obligation to update the forward-looking statements.