QMN queensland mining corporation limited

Ann: Quarterly Activities and Cashflow Report , page-2

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    In relation to the claim against the former Managing Director, Mr Howard Renshaw and others, the parties has lodged a counter claim against the Company pursuant to which they seek payment of: $110,000 plus interest at 12% per annum from 21 December 2012 to the day of payment; $161,894 plus GST and interest at Court rates until the date of payment; damages; interest and costs on an indemnity basis. It is the Company intention to fully defend the counter claim. The hearing is expected to take place in February 2014.


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