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News: IDA Indiana Resources Refers For Arbitration Dispute Between Ntaka Nickel & Loricatus Resource

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    March 16 (Reuters) - Indiana Resources Ltd (IDA) :

    • ADVISES THAT A DISPUTE HAS ARISEN BETWEEN SHAREHOLDERS OF NTAKA NICKEL HOLDINGS
    • DISPUTE IN RELATION TO FUNDING CALL MADE TO NNHL'S SHAREHOLDERS IN OCT 2022
    • DISPUTE HAS BEEN REFERRED TO ARBITRATION BY AUSTRALIAN CENTRE FOR INTERNATIONAL COMMERCIAL ARBITRATION
    • NNHL DOES NOT INTEND TO PARTICIPATE IN ACICA PROCESS & HAS AGREED TO ABIDE BY ANY DECISION HANDED DOWN BY ACICA
    • ANTICIPATED ARBITRATION WILL BE LISTED FOR CASE MANAGEMENT CONFERENCE SHORTLY
    • ARBITRATION FOR DISPUTE BETWEEN NTAKA NICKEL HOLDINGS AND LORICATUS RESOURCE INVESTMENTS
 
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