Funding Facility Update The Board of ElDore Mining Corporation Limited (ASX: EDM, ?the Company?) wishes to provide an update to shareholders further to the announcement on 11 July 2011. Failing receipt of the undertaking sought from JC Long Term Value Fund (JCLTVF) and its parent company AGS Capital Group LLC (AGS), the company has commenced proceedings in the Supreme Court of Western Australia against JCLTVF, AGS and AGS?s Chief Executive Mr Allen Silberstein seeking amongst other things orders for damages and orders that the Funding Facility is void ab initio or alternatively liable to be set aside in light of the conduct of JCLTVF and AGS. To preserve the remaining shares held in the company, the company yesterday sought and obtained interlocutory injunctive orders restraining JCLTVF, AGS and Mr Silberstein from selling, assigning, mortgaging or otherwise encumbering or disposing of the shares held in the company until further order of the Supreme Court. The Board will update shareholders on the progress of the Supreme Court Proceedings in due course. Yours faithfully A R HAMILTON Chairman
EDM Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
