(''Mediterranean'') wishes to advise that it has entered into a Letter of Intent with Lovet Tekstil Gida Turizm Org Ins. Sanayi ve Dis Ticaret A.S. ('Lovet'), a private Turkish company, whereby Lovet may purchase a 20% interest in Mediterranean's Red Mountain (Kizildag) Project in north [...]
(the 'Company') wishes to update the market on the progress of its legal action with its former CEO, Peter Guest and its former sub-tenant, Dr. Cheryl Guest. The full text of the counterclaim filed by the Company in April against Peter Guest and Cheryl Guest is now available online [...]
('Mediterranean') announces that Mr. Jeffrey Nichols has resigned as a Director of the Company effective today. Mr. Ecclestone, on behalf of the Board, expresses his sincere thanks to Mr. Nichols for his loyal support and service to Mediterranean.
('Mediterranean') is pleased to announce that it's drilling contractor Ortadoğu Sondaj has commenced drilling this past weekend, the previously announced campaign on the Tac and Corak deposits of its Red Mountain (Kizildag) project.
