Brief: Argonaut Resources N L Posts Lumwana West Update On Licence

Orpheus Uranium

24/01/2022 01:19

Jan 24 (Reuters) - Argonaut Resources N L  ARE.AX :
    * LUMWANA WEST UPDATE - LICENCE
    * BECAME AWARE THAT LARGE-SCALE EXPLORATION LICENCE
22399-HQ-LEL,
LUMWANA WEST, WAS NOT RENEWED BY ZAMBIAN GOVERNMENT ON 28 DEC
    * LAWYERS DISCOVERED COMPLIANCE DOCUMENTS PROVIDED BY CO TO
ZAMBIAN SHAREHOLDERS FOR FILING WERE NOT SUBMITTED
    * "CIRCUMSTANCES IN WHICH THESE DOCUMENTS WERE WITHHELD
APPEARS TO
CONSTITUTE A FRAUD"
    * LODGED AN APPEAL AGAINST GRANT OF NEW LICENCE ON GROUNDS
OF
FRAUD AND IMPROPRIETY
    * PREPARING A COMPLAINT TO ZAMBIAN ANTI-CORRUPTION
COMMISSION
    * LEARNED THAT NEW LICENCE OVER LUMWANA WEST AREA WAS
"HURRIEDLY"
GRANTED TO RECENTLY REGISTERED CO
    * CURRENTLY SETTLING LEGAL DOCUMENTS NECESSARY TO SUE ITS
ZAMBIAN
PARTNERS FOR BREACHES OF 'CONTRACTUAL AND FIDUCIARY DUTIES'

Source text for Eikon:  ID:nASX2kPG85 
Further company coverage:  ARE.AX 

 ((reuters.briefs@thomsonreuters.com;))