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Goldgroup Announces the Filing of Legal Action

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Goldgroup Mining Inc. (TSX:GGA) (OTC:GGAZF) (BMV SIX:GGAN.MX) announces that it has filed a legal action before the appropriate criminal authorities in Mexico concerning recent activities undertaken by Koy Wilber Diepholz shareholder, President and Chairman of the Board of Directors of Dyna Resources de Mexico, S.A. de C.V. and Chairman, Chief Executive Officer and Treasurer of DynaResources Inc. (OTCQB:DYNR).  DynaMex is owned 50% by Goldgroup, 49% by DynaUSA and 1% by Diepholz.

 

 

The purpose of the legal action case is to investigate whether illegal acts were committed by Diepholz, in his role as CEO of DynaMex, for his own benefit and for the benefit of DynaUSA.

 

 

About Goldgroup

 

 

Goldgroup is a Canadian-based gold production, development, and exploration Company with significant upside in a portfolio of projects in Mexico, including its flagship 100%-owned advanced stage gold development project Caballo Blanco in the state of Veracruz, and a 50% interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San José de Gracia located in the state of Sinaloa. The Company also operates its 100%-owned Cerro Colorado gold mine in the state of Sonora.

 

 

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico. Goldgroup’s mission is to increase gold production, mineral resources, profitability and cash flow, building a leading gold producer in Mexico.

 

Posted October 28, 2013

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