ASX ann 28 FEB 2008
LEGAL ACTION AGAINST LUZON MINERALS COMMENCED
ASX ann 1 FEB 2008
The company is interested in recovering its
position with Luzon Minerals of Canada following the aborted merger efforts last year.”
ASX ann 15 MAR 2007
As the Company announced in its 31 December 2006 Quarterly Report to the market, Luzon owes
Republic approximately AUD$1.8M. Additional work has been completed by Republic for Luzon in
2007. This debt is secured in respect of any asset owned or used by LZN in connection with its
business under the Personal Property Security Act (British Columbia) in the name of Republic Gold
Limited,
Republic’s legal advice is
that this security covers all past and future debts owed to the Company by Luzon and that all of this
debt is repayable on demand.
The success of the takeover bid whereby Republic owns 100% of Luzon’s capital would see this debt
effectively disappear as it would become an inter-company loan from a subsidiary to a parent.
It is the Company’s intention to seek a listing on the TSX Ventures Exchange in Canada as soon as
practicable.
legal action commenced, page-23
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