Brief: Eastplats completes settlement regarding CRM share purchase agreement

Eastern Platinum

24/11/2017 06:46

Nov 24 (Reuters) - Eastern Platinum Ltd  ELR.TO  - 
    * EASTPLATS COMPLETES SETTLEMENT REGARDING CRM SHARE 
PURCHASE 
AGREEMENT AND OBTAINS RETURN OF ESCROW FUNDS 
    * PURSUANT TO TERMS OF SETTLEMENT, PARTIES ARE EACH 
ENTITLED TO 
RETURN OF ESCROW FUNDS POSTED BY THEM, LESS A PAYMENT BY CO TO 
HZT OF $420,000 
    * SETTLEMENT COMFIRMATION DISMISSES LITIGATION COMMENCED BY 
HZT 
AND RELEASES EACH PARTY FROM ANY FURTHER OBLIGATIONS 
    * SETTLEMENT CONFIRMS TERMINATION OF JUNE 28, 2016 
CROCODILE 
RIVER MINE SHARE PURCHASE AGREEMENT ENTERED INTO WITH HZT 
 
Source text for Eikon:  ID:nCNWjm9Nsa  
Further company coverage:  ELR.TO  
 
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