GNG gr engineering services limited

News: GNG Eastern Goldfields received writ of summons commenced by GR Engineering Services

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    July 12 (Reuters) - Eastern Goldfields Ltd (EGS)

    • Received writ of summons for proceedings in Supreme Court of Western Australia commenced by GR Engineering Services
    • Contract price is approximately $12.5 million, of which Eastern Goldfields has already paid sum of $10.4 million to gres
    • Writ of summon in relation to davyhurst gold project refurbishment contract entered into by gres and co on 22 Sept 2016
    • GRES now claims "liquidated damages in sum of $9.9 million alternatively $5 million"
    • Eastern goldfields will pursue by counterclaim its rights to damages and costs arising from gres' breaches of contract, defective work and other conduct
 
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