Brief: Pathfinder Minerals Announces Amendment To Revised SPA For Sale Of IM Minerals

Rome Resources

29/01/2024 10:40

Jan 29 (Reuters) - Pathfinder Minerals PLC  PFP.L :
    * PATHFINDER MINERALS PLC: DIRECTORS BELIEVE THERE WAS A
HIGH
PROBABILITY OF AAG DEFAULTING ON CURRENT TERMS AND CONDITIONS OF
REVISED SPA
    * PATHFINDER MINERALS PLC: AGREED BETWEEN PARTIES CERTAIN
TERMS
AND CONDITIONS OF REVISED SPA ARE AMENDED
    * PATHFINDER MINERALS : AAG SUBMITTED CLAIM BY WAY OF A
REQUEST
FOR ARBITRATION TO INTERNATIONAL CENTRE FOR SETTLEMENT OF
INVESTMENT DISPUTES
    * PATHFINDER MINERALS PLC - BELIEVE THAT IT WAS NOT IN BEST
INTEREST OF COMPANY'S SHAREHOLDERS TO PURSUE ANY LEGAL CLAIM
AGAINST AAG
    * PATHFINDER MINERALS: CONTINGENT PAYMENT TO BE MADE BY AAG
TO CO
OF GREATER SUM OF US$30 MILLION OR 25% OF AGGREGATE AMOUNT
PAYABLE ON CLAIM

Source text for Eikon:  ID:nRSc2257Ba 
Further company coverage:  PFP.L 

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