IDA indiana resources limited

Ann: USD4.65 million Litigation Funding Secured, page-2

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    USD4.65 million Litigation Funding Secured

     USD4.65 million litigation funding confirmed with Litigation Capital Management Limited
     Funding will support legal costs associated with the Claim to Arbitration against the
    Government of Tanzania
     All monies advanced through the funding facility are non-recourse and only repayable in the
    event of a successful Claim where monies are recovered

     Six-month notice period to the Government of Tanzania has now expired without any
    engagement from the Government
     Preparations now well advanced to lodge a Request for Arbitration seeking compensation for
    the illegal expropriation of the Ntaka Hill Nickel Project and loss of the asset


    Looks pretty good - no recourse - no win no fee is how I read it

 
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