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Hayır (No)
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Hayır (No)
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25.05.2018
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Hayır (No)
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Announcements regarding the current legal situations of our company have been made on the Public Disclosure Platform (KAP) dated 18.11.2016, 24.01.2017, 24.03.2017, 22.05.2017, 24.07.2017, 25.09.2017, 27.11.2017, 26.01.2018, 26.03.2018, and 25.05.2018. In this respect, the matters related to the cases and courts listed as follows:
The Court and Case number: İzmir 6th Administrative Court 2017/1317 E -The Court issued a stay order on July 3, 2018, and it has been notified to our company on July 23, 2018. The case is still ongoing. The Court and Case number: İzmir 3rd Administrative Court 2017/1432 E- There is no issue regarding the merits of the court. The Court and Case number: Ankara 8th Commercial Court of First Instance 2016/586 E - There is no issue regarding the merits of the court The Court and Case number: Ankara 6th Commercial Court of First Instance 2016/565 E- There is no issue regarding the merits of the court The Court and Case number: Ankara 14th Commercial Court of First Instance 2016/553 E -There is no issue regarding the merits of the court The Court and Case number: Ankara 5th Commercial Court of First Instance 2016/581 E- There is no issue regarding the merits of the court The Court and Case number: Ankara 2nd Commercial Court of First Instance 2017/202 E- During trial on July 11, 2018, the court issued that there is lack of shareholder sales contract which was claimed on June 6, 2015, and the case was accepted; therefore, the related parties may make an application of appeal against the Court decision to Ankara Regional Court of Justice within 2 weeks from the notice. The Court and Case number: Ankara 1st Commercial Court of First Instance 2017/212 E - There is no issue regarding the merits of the court
On the other hand, developments in the case of the cancellation of Administrative fine established by the Capital Markets Board of Turkey (SPK) to our group companies (Ipek Natural Energy Inc., Koza Anadolu Metal Mining Inc., and Koza Gold Inc.) are as follows:
The Court and Case number: Ankara 7th Administrative Court 2017/69E- There is no issue regarding the merits of the court The Court and Case number: Ankara 2nd Administrative Court 2017/65E – The court decision is that a dismissal of an action against the company; therefore, we made an application to the Ankara District Administrative Court The Court and Case number: Ankara 4th Administrative Court 2017/369E- : The Ankara District Administrative Court rejected request of appeal of our company; therefore, we made an application of appeal to the Council of State. The Court and Case number: Ankara 16th Administrative Court 2017/67E – The court decision is that a dismissal of an action against the company. Because of this reason, we made an application to the Ankara District Administrative Court. The Court and Case number: Ankara 1st Administrative Court 2017/68E- There is no issue regarding the merits of the court The Court and Case number: Ankara 2nd Administrative Court 2017/63E- The court decision is that a dismissal of an action against the company; therefore, we made an application to the Ankara District Administrative Court The Court and Case number: Ankara 4th Administrative Court 2017/370E – The court decision is that a dismissal of an action against the company; therefore, we made an application of appeal to the Council of State. According to the announcement was made on the Public Disclosure Platform (KAP) dated November 18, 2016, our company appealed to the Administrative Court for nullity suits related to cancellation of the exploration licenses (including not in operation / not yet active) issued by MİGEM. Lawsuits, a total of 162 cases, are still continuing. Five of them resulted in favor of our company, two of them resulted against our company. During trial, a peace protocol in accordance with the provision of KHK numbered 659 was signed between Republic of Turkey Ministry of Energy and Natural Resources and our company, which entered into force on November 10, 2017. According to this protocol, our company is responsible for revising operating projects regarding 142 revoked licenses and submitting to Ministry within five months from the date of signature. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.