Brief: Lindian Resources Says Reached Out-Of-Court Settlement For Dispute On Co's Acquisition Of Interest In Kangankunde Rare Earths Project
27/05/2022 09:46
May 27 (Reuters) - Lindian Resources Ltd LIN.AX :
* REACHED OUT-OF-COURT SETTLEMENT IN REGARDS TO DISPUTE ON
CO'S
PROPOSED ACQUISITION OF INTEREST IN KANGANKUNDE RARE EARTHS
PROJECT
* PARTIES TO EXISTING LEGAL PROCEEDINGS TO DISCONTINUE
PROCEEDINGS
IN EXCHANGE FOR LINDIAN PROVIDED WITH 60 DAY EXCLUSIVITY PERIOD
* NO GUARANTEE THAT ANY TRANSACTION WILL EVENTUATE AT THIS
STAGE
Source text for Eikon: ID:nASX7SG9nf
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((Reuters.Briefs@thomsonreuters.com;))
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