This is a translation (by Google) of an article in El Mercurio newspaper in Chile. Farkas' spin is that he sold out his share. Nice story and he is sticking to it.
Leonardo Farkas sell its share in the former Santa Barbara and ending battle with partners
Yesterday ended the dispute between the employer and the Australian Leonardo Farkas Admiralty Resources NL (Ady). After a dispute over the ownership and management of the firm Vallenar Iron (ex mining Santa Barbara), companies associated with Farkas agreed to terminate the relationship that existed between them and Ady, including all legal actions that the Australian had started against the employer, and that Farkas had begun.
A root of conflict between the two parties that share ownership of Vallenar Iron, the site is maintained without operating.
Ady and completed the takeover of Vallenar Iron, which began on January 22, and bought the entire interest in the social Farkas. The Chilean had sued its partners for any mismanagement in the administration of Vallenar Iron Company, while Admiralty Farkas did the same with in Chile.
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