UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of May 2005
Commission File Number 001-32412
GLENCAIRN GOLD CORPORATION |
(Translation of registrants name into English) |
500 6 Adelaide St. East Toronto, Ontario, Canada M5C 1H6 |
(Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
Form 20-F | Form 40-F | X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes | No | X |
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82
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, thereunto duly authorized.
GLENCAIRN GOLD CORPORATION |
Date: August 25, 2005 | By:
Lorna MacGillivray
Lorna MacGillivray Corporate Secretary and General Counsel |
GLENCAIRN GOLD CORPORATION
500 - 6 Adelaide St. East, Toronto, ON M5C 1H6 Tel.: (416) 860-0919 Fax: (416) 367-0182
FOR IMMEDIATE RELEASE | TSX: GGG |
May 17, 2005 | AMEX: GLE |
Glencairn Gold Corporation is pleased to report that the Sala Constitucional in Costa Rica, the countrys supreme court, has confirmed that the Company has complied in full with the permitting required to build and operate its Bellavista Mine.
Glencairns subsidiary, Metales Procesados MRW S.A., was made a party to a legal proceeding brought before the Constitutional Court of Costa Rica against three branches of the Government by a group of individuals in late 2004. The group alleged deficiencies in the process followed by the Government in granting permits for the Bellavista mine. However, governmental officials in Costa Rica have stated publicly on several occasions prior to this decision that construction of the mine was carried out in compliance with Costa Rican law, and the recent ruling upheld this position. The court did request various branches of government to conduct ongoing studies and to continue to monitor the situation.
I am very pleased by the courts decision and believe it validates our efforts to construct the Bellavista Mine to the highest standards and with the greatest concern for the environment and for the communitys well being, said Kerry Knoll, Glencairn President and CEO. I believe the court went to great lengths to ensure that all voices were heard and that all issues were fully aired before making its decision.
Construction of the mine is essentially complete and the Company expects to produce its first gold from Bellavista in June, 2005, with commercial production to commence in the third quarter of the year. Bellavista is designed to produce an average of 60,000 oz. gold per year over eight years based on current mineral reserves. Combined with production from the Companys Limon Mine in Nicaragua, Bellavista will bring the Companys total annual gold production to well over 100,000 oz. per year.
To find out more about Glencairn Gold Corporation, please visit our website at www.glencairngold.com.
Glencairn Gold Corporation | Renmark Financial Communications Inc. |
Kerry Knoll, President and CEO | Sylvain Laberge, slaberge@renmarkfinancial.com |
Tel.: 416-860-0919 | Tel.: 514-939-3989 |
www.glencairngold.com |
FORWARD-LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate and other similar words, or statements that certain events or conditions may or will occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or managements estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.