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July 21 (Reuters) - MEC Resources Ltd (MMR) Update on dispute...

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    21/07/17
    18:50
    Post #: 26013111

    July 21 (Reuters) - MEC Resources Ltd (MMR)

    • Update on dispute with BPH and GBA
    • Claims between each of bph energy ltd, grandbridge ltd and mec have been temporarily suspended
    • Withdrew its statutory demand issued to BPH Energy Ltd on 3 July
    • Confirms that a settlement conference will be held between company, Bph Energy Ltd and Grandbridge Ltd
    • "Withdrawal of statutory demand by mec should not be construed as mec resiling from amounts it alleges are owed to it"
    • Statutory demand was issued to BPH Energy in relation to alleged default on repayment by BPH Energy LTD under formal loan agreement
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