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 November 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: November 9, 2005 | By:
Lorna MacGillivray
Lorna MacGillivray Corporate Secretary and General Counsel |
500 - 6 Adelaide St. East, Toronto, ON M5C 1H6 Tel.: (416) 860-0919 Fax: (416) 367-0182
FOR IMMEDIATE RELEASE | TSX: GGG, GGG.WT |
November 7, 2005 | AMEX: GLE |
Glencairn Gold Corporation reports that an illegal road blockade by a small group of employees at its Limon Mine in Nicaragua has prompted the Company to temporarily suspend operations until the issue is resolved.
On November 3, 2005, a group of approximately 20 employees blocked access to the mines working areas. This blockade, and other intermittent blockades earlier in the year, have undermined the Companys efforts to contain costs at the mine and to put the operation on a solid, long-term footing. By suspending operations, the Company will reduce costs to a manageable level until the situation is resolved.
The group that set up the road blockade is represented by one of two unions representing the 485 hourly-rated workers at the mine. Both unions signed two-year collective agreements with the Company earlier this year. Under the terms of those collective agreements, an incentive program for unionized employees was to be negotiated. Those negotiations were successfully completed and an incentive program acceptable to all unionized employees was reached; however, the union sponsoring the road blockade has demanded that only its members be allowed to participate in the incentive program and that members of the other union be excluded. Such exclusion would be illegal under Nicaraguan law; therefore, the Company is unable to accede to that demand.
Glencairn is addressing the issues of road blockades with various departments of the Nicaraguan government in an effort to find a permanent solution to this matter.
To find out more about Glencairn Gold Corporation, 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.