Brief: Metalicity Ltd Updates On Court Action Seeking 22.28% Of NME Be Vested In ASIC & Sold

Arika Resources

02/08/2022 09:15

Aug 2 (Reuters) - Metalicity Ltd  MCT.AX :
    * COURT ACTION SEEKING 22.28% OF NME BE VESTED IN ASIC &
SOLD
    * LAUNCHES COURT ACTION SEEKING 22.28% OF NEX METALS SHARES
TO BE
VESTED IN ASIC AND SOLD
    * CONFIRMS IT HAS LAUNCHED COURT ACTION AGAINST NEX METALS
EXPLORATION'S MANAGING DIRECTOR, CHAIRMAN AMONG OTHERS
    * COURT ALLEGES THAT KEN ALLEN PURPORTED TO LODGE PROXY
VOTING
INSTRUCTIONS ONLINE "ON BEHALF" OF SHAREHOLDERS WITHOUT CLEAR
AUTHORITY
    * CO IS SEEKING A DECLARATION ABOUT 54 MILLION VOTES
PURPORTEDLY
CAST BY ALLEN ON BEHALF OF OTHERS BE DECLARED INVALID
    * FURTHER ORDER IS BEING SOUGHT FOR CIRCA 60 MILLION SHARES
IN NEX
METALS TO BE VESTED WITH ASIC AND SOLD

Source text for Eikon:  ID:nASXJJVs8 
Further company coverage:  MCT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))