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Pure Nickel Inc. (TSX:NIC) reported it has signed a final settlement agreement with CS Mining with respect to litigation regarding a Utah mining district.
Pure Nickel Inc. (TSX:NIC) reported it has signed a final settlement agreement with CS Mining with respect to litigation regarding a Utah mining district.
As quoted in the press release:
Terms of the agreement include:
Contractual Cash Payments from CS Mining to Pure Nickel – US$3.5 Million Within 12 Months
- Payment of US$1 million immediately upon signing – funds have been received;
- Payment of US$1 million 180 days after signing; and
- Payment of US$1.5 million 12 months after signing.
Click here to read the Pure Nickel Inc. (TSX:NIC) press release.