MRC mineral commodities ltd

News: MRC Mineral Commodities Says Received Writ Of Summons From Minority Shareholder BSG Mining LLC

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    March 16 (Reuters) - Mineral Commodities Ltd (MRC) :

    • RECEIVED A WRIT OF SUMMONS FROM MINORITY SHAREHOLDER BSG MINING LLC
    • WRIT IN RELATION TO SHAREHOLDERS DEED BETWEEN UNIT, BSG AND SKALAND GRAPHITE AS
    • EVENTS OF DEFAULT ASSERTED BY BSG CONCERN ALLEGED CONDUCT REGARDING PROVISION OF ADDITIONAL FUNDING TO SKALAND BY MRCGN
    • CONTINUES TO BE IN DISCUSSIONS WITH BSG TO REACH A MUTUALLY AGREEABLE OUTCOME ON MATTER
    • MRC GRAPHITE (NORWAY) AND CO DENY THAT MRCGN HAS COMMITTED ANY ALLEGED EVENT OF DEFAULT AND WILL DEFEND PROCEEDINGS
 
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