AI assistant
ROX RESOURCES LIMITED — Legal Proceedings Report 2016
Nov 16, 2016
65741_rns_2016-11-16_c8b2d53e-885f-45a1-92ee-aa1ed3381b45.pdf
Legal Proceedings Report
Open in viewerOpens in your device viewer
==> picture [154 x 86] intentionally omitted <==
ASX/MEDIA RELEASE
17 November 2016
UPDATE – REWARD PROJECT SALE
On 15 November 2016 Rox Resources Limited (ASX: RXL) ( Rox or the Company ) advised that it had received correspondence from legal representatives acting on behalf of Marindi Metals Limited (ASX:MZN) ( Marindi ) in which Marindi has alleged that it considers the Company remains bound to complete the sale of its interest in the Reward Zinc Project to Marindi, notwithstanding the exercise by the Company's joint venture partner, Teck Australia Pty Ltd ( Teck ), of its pre-emptive right over the project.
Further to that advice, Rox has now been served with a Writ of Summons from Marindi in regards to Marindi’s claim as outlined above.
The Company continues to maintain that Teck has validly exercised its pre-emptive right to acquire the Reward Zinc Project and will vigorously defend the legal action initiated by Marindi.
***** ENDS *****
For more information:
Shareholders Ian Mulholland Managing Director Tel: +61 8 9226 0044 [email protected]
Rox Resources Limited ABN 53 107 202 602 Level 1, 34 Colin Street, West Perth WA 6005 Telephone: +61 8 9226 0044 Facsimile: +61 8 9322 6254 Email: [email protected]