NPM newpeak metals limited

Navaho/Dark Horse (now NewPeak) suggested January 2015 that they...

  1. 851 Posts.
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    Navaho/Dark Horse (now NewPeak) suggested January 2015 that they have a position with agreement.

    ASX Announcement
    28 January 2015
    Carlin East Project, Nevada USA
    Notification of Legal Dispute
    The Board of Directors Navaho Gold Limited (ASX:NVG) advise of the receipt of a legal claim against
    US subsidiary company CED Gold LLC by Genesis Gold Corporation in the state of Nevada, USA
    arising out of an option agreement entered into in respect of the Carlin East Project.

    The legal dispute centres on the legal framework of the ownership of the Carlin East Project, and the
    financial commitments associated therewith. As previously advised to the market, Navaho Gold and
    Genesis Gold have been negotiating on these matters for some months.

    The Directors of Navaho Gold believe there are good grounds for CED to contest this action and
    advise that CED intends to vigorously defend the legal claim, and will keep the market informed of
    developments as required.

    Nicholas Mather

    However, according to the court decision they were interpreting agreement draft not accepted


    https://hotcopper.com.au/data/attachments/5467/5467533-52686c75bf5985f619c93fd803f4793e.jpg
 
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Last
2.4¢
Change
0.004(20.0%)
Mkt cap ! $7.729M
Open High Low Value Volume
2.0¢ 2.5¢ 2.0¢ $29.67K 1.283M

Buyers (Bids)

No. Vol. Price($)
1 203 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 224583 1
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