IDC has alreday mentioned it in the previous announcements. You can check the latest quarterly report. it is there and also they said it's without a merit and would defend:
Legal Proceedings
• The Company’s wholly owned subsidiary Summit Development Limited (SDL) was served
with a summons in PNG by the Kare Puga Development Corporation Limited (KDC) and its
Directors. The summons substantively sought injunctive orders to restrain the PNG
Minister for Mining from renewing the EL 1093 on the grounds that the Company had not
complied with the terms of the license. According to legal advice received by the Company,
the summons is without merit and is being vigorously defended.
- Forums
- ASX - By Stock
- IDC
- PNG Mining Authority MRA Support to IDC
PNG Mining Authority MRA Support to IDC, page-11
-
- There are more pages in this discussion • 66 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IDC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online