Feb 1 (Reuters) - IGO Ltd (IGO) :
- TROPICANA GOLD MINE ROYALTY CLAIM
- SERVED WITH A WRIT OF SUMMONS ISSUED OUT OF SUPREME COURT OF WESTERN AUSTRALIA BY SOUTH32 ROYALTY INVESTMENTS
- WRIT CLAIMS IGO IS LIABLE TO PAY ROYALTIES TO SOUTH32 CONCERNING MINING OPERATIONS AT TROPICANA GOLD MINE IN WESTERN AUSTRALIA
- IGO REJECTS SOUTH32'S ALLEGATIONS AND CONSIDERS CLAIM TO BE WITHOUT MERIT
- SOUTH32 ESTIMATED IN WRIT ROYALTIES PAYABLE BY IGO ARE AUD 122.1 MILLION (EXCLUSIVE OF INTEREST AND COSTS) FROM DEC 2014 UNTIL 30 SEPT 2023
- IGO NO LONGER HAS AN INTEREST IN TROPICANA GOLD MINE
- IGO INTENDS TO FULLY AND VIGOROUSLY DEFEND CLAIM
- ESTIMATES RELEVANT PORTION OF ABOVE CLAIM AMOUNT FROM 31 MAY 2021 TO SEPT 2023 IS IN RANGE OF ABOUT A$35 TO A$40 MILLION
- DENIES THAT IT HAS ANY LIABILITY TO SOUTH 32
- AGREEMENT BETWEEN CO AND REGIS RESOURCES INCLUDES PROVISION WHICH MAINTAINS CO'S LIABILITY FOR SAMPLE ROYALTY PRIOR TO COMPLETION ON 31 MAY 2021
News: IGO IGO Ltd Says Served With Writ Of Summons By South32 Over Tropicana Gold Mine Royalty Claim
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Last
$4.23 |
Change
0.110(2.67%) |
Mkt cap ! $3.203B | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.26 | $4.10 | $37.27M | 8.844M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39000 | $4.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.24 | 12929 | 3 |
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| IGO (ASX) Chart |