Brief: Metarock Group Reaches Full And Final Settlement With Principal About Gregory Crinum Contract

Mastermyne

20/02/2023 07:02

Feb 20 (Reuters) - Metarock Group Ltd  MYE.AX :
    * REACHED A FULL AND FINAL SETTLEMENT WITH PRINCIPAL IN
RELATION
TO GREGORY CRINUM CONTRACT
    * AS CONSEQUENCE OF SETTLEMENT, CO WILL TAKE UP ADDITIONAL
IMPAIRMENT FOR BALANCES RELATING TO GREGORY CRINUM PROJECT OF
A$11.1M
    * EXPECTS TO COMPLETE SALE IMMINENTLY OF FIRST PANEL OF
MAJOR
EQUIPMENT ORIGINALLY INTENDED FOR GREGORY CRINUM PROJECT TO
THIRD PARTY

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