ANS austsino resources group limited

Gypsygrrl,Hopefully after this ICC hearing is held and what ever...

  1. 90 Posts.
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    Gypsygrrl,

    Hopefully after this ICC hearing is held and what ever the Sundance claim is the news will flow thick and fast.
    I could see the writing on the wall with sticking with Sundance and where the actual money was going to flow.

    cheers
    BB

    20 November 2024
    UPDATE ON CONGO PROCEEDINGS
    ICC Hearing completed
    Sundance Resources Ltd (“Sundance” or “Company”) wishes to provide an update regarding the
    proceedings between Sundance and the Republic of Congo (“Congo”).
    On 1 November 2024 the Company announced that the hearing for the arbitration between
    Sundance, Sundance’s subsidiary Congo Iron SA and Congo (“the Parties”) was scheduled to occur
    before the International Court of Arbitration of the ICC (“ICC”) on 14 November 2024 in Paris.
    The hearing was completed on 17 November 2024. The Company is now waiting on a decision from
    the ICC which is not expected for approximately a further 6 to 8 months.
    The Company will update shareholders when a decision has been handed down.
    The settlement discussions with Congo were independent of, and had no effect on, the Company’s
    ICC arbitration against the Republic of Cameroon and is expected to occur late January 2025.

    ENDS
    Released for Sundance by:
    Giulio Casello
    Non-Executive Director
    Sundance Resources Limited
    Email: [email protected]
    For media queries:
    Peter Klinger
    Purple
    Mob: +61 411 251 540
    Email: [email protected]



 
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