Brief: Australian Mines Says Proceedings Filed By ASIC Against Co & Its Managing Director

Australian Mines

11/05/2022 01:54

May 11 (Reuters) - Australian Mines Ltd  AUZ.AX :
    * ASIC PROCEEDINGS
    * RECEIVED PROCEEDINGS FILED BY ASIC IN COURT AGAINST CO AND
ITS
MANAGING DIRECTOR
    * ASIC ALLEGES CO FAILED TO INFORM MARKET OF MATERIAL
INFORMATION
CONCERNING VALUE & FUNDING OF SCONI PROJECT & OFFTAKE DEAL
    * PROCEEDINGS FOCUS ON ANNOUNCEMENTS BY CO BETWEEN 19 FEB &
27
JUNE REGARDING SCONI PROJECT & CETRTAIN OTHER OFFTAKE AGREEMENTS
    * COMPANY INTENDS TO DEFEND PROCEEDINGS
    * ORIGINATING PROCESS CLAIMS A DISQUALIFICATION ORDER
AGAINST
MANAGING DIRECTOR

Source text for Eikon:  ID:nASX2FqpFX 
Further company coverage:  AUZ.AX 

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