DNI has received a Request for Arbitration from Cougar Metals NL ("Cougar"), the former optionee in the Vohitsara Licence, pursuant to the Option Agreement dated March 24, 2017 between Cougar and DNI ( the "Option Agreement").
As reported in DNI's press release of December 8, 2017, DNI terminated the Option Agreement with Cougar as a result of Cougar's failure to pay certain payments under Option Agreement. DNI has filed a Response with the London Court of International Arbitration. This Response included a counterclaim against Cougar.
DNI is pleased to announce that some members of the DNI legal team have taken a vested interest in the company's future and therefore have requested to take part of their payment in Shares. DNI is issuing 500,000 shares, as part of this arrangement.
CGM Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
