- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Eastplats Completes Settlement Regarding CRM Share Purchase Agreement and Obtains Return of Escrow Funds
Eastern Platinum (“Eastplats” or the “Company”) is pleased to report that it has completed a settlement agreement with Hebei Zhongheng Tianda Platinum (“HZT”). The settlement confirms the termination of the June 28, 2016 Crocodile River Mine Share Purchase Agreement (the “Share Purchase Agreement”) entered into between HZT, Eastplats and its subsidiaries, dismisses the litigation commenced by HZT …
Eastern Platinum (“Eastplats” or the “Company”) is pleased to report that it has completed a settlement agreement with Hebei Zhongheng Tianda Platinum (“HZT”). The settlement confirms the termination of the June 28, 2016 Crocodile River Mine Share Purchase Agreement (the “Share Purchase Agreement”) entered into between HZT, Eastplats and its subsidiaries, dismisses the litigation commenced by HZT and releases each party from any further obligations.
Pursuant to the terms of the settlement, the parties are each entitled to the return of escrow funds posted by them, less a payment by the Company to HZT of $420,000.
Diana Hu stated:
“I am pleased to settle this litigation, confirming our ongoing ownership of CRM, refunding over US$4.5 million of our escrow funds and allowing Eastplats to further focus on our development and project work.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.